Bodycote (LON:BOY) Share Price Crosses Above 200-Day Moving Average of $625.50

Bodycote plc (LON:BOY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 625.50 ($7.86) and traded as high as GBX 714 ($8.97). Bodycote shares last traded at GBX 714 ($8.97), with a volume of 303,673 shares changing hands.

Bodycote Price Performance

The company has a 50 day simple moving average of GBX 676.38 and a 200 day simple moving average of GBX 625.50. The company has a market capitalization of £1.34 billion, a price-to-earnings ratio of 1,586.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 12.23.

Bodycote Increases Dividend

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

Insider Transactions at Bodycote

In related news, insider Ben Fidler sold 44,945 shares of Bodycote stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 694 ($8.72), for a total transaction of £311,918.30 ($391,857.16). In other news, insider Kevin Boyd bought 3,000 shares of Bodycote stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average cost of GBX 653 ($8.20) per share, with a total value of £19,590 ($24,610.55). Also, insider Ben Fidler sold 44,945 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 694 ($8.72), for a total transaction of £311,918.30 ($391,857.16). Company insiders own 1.45% of the company’s stock.

Bodycote Company Profile

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.