Bodycote (LON:BOY) Shares Pass Above 200-Day Moving Average of $617.61

Bodycote plc (LON:BOY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 617.61 ($7.69) and traded as high as GBX 683 ($8.50). Bodycote shares last traded at GBX 679 ($8.45), with a volume of 175,899 shares changing hands.

Bodycote Stock Performance

The firm’s 50 day simple moving average is GBX 657.43 and its 200-day simple moving average is GBX 617.61. The company has a debt-to-equity ratio of 12.23, a quick ratio of 0.74 and a current ratio of 1.05. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 1,508.89, a P/E/G ratio of 1.44 and a beta of 1.18.

Bodycote Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be paid a GBX 16 ($0.20) dividend. The ex-dividend date is Thursday, April 25th. This is an increase from Bodycote’s previous dividend of $6.70. This represents a dividend yield of 2.53%. Bodycote’s dividend payout ratio is 5,111.11%.

Insider Transactions at Bodycote

In other Bodycote news, insider Kevin Boyd acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of GBX 653 ($8.13) per share, for a total transaction of £19,590 ($24,386.90). 1.41% of the stock is currently owned by company insiders.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. The company offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.