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

Bodycote plc (LON:BOY)’s stock price passed 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 trading hands.

Bodycote Price Performance

The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 12.23. The company has a market cap of £1.28 billion, a PE ratio of 1,508.89, a P/E/G ratio of 1.44 and a beta of 1.18. The stock has a 50-day simple moving average of GBX 657.43 and a 200 day simple moving average of GBX 617.61.

Bodycote Increases Dividend

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

Insider Transactions at Bodycote

In other Bodycote news, insider Kevin Boyd acquired 3,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of GBX 653 ($8.13) per share, with a total value of £19,590 ($24,386.90). Insiders own 1.41% 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.