Bodycote (OTCMKTS:BYPLF) Shares Gap Up – Should You Buy?

Bodycote (OTCMKTS:BYPLF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.00, but opened at $11.21. Bodycote shares last traded at $11.44, with a volume of 200 shares.

Wall Street Analysts Forecast Growth

BYPLF has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bodycote in a research note on Thursday, May 28th. Jefferies Financial Group restated a “buy” rating on shares of Bodycote in a research report on Friday, April 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Bodycote Stock Up 31.6%

The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. The business has a 50 day simple moving average of $9.33 and a 200-day simple moving average of $9.61.

About Bodycote

Bodycote plc (OTCMKTS: BYPLF) is a global provider of industrial thermal processing and materials technology services. The company offers a range of solutions including heat treatment, hot isostatic pressing, surface coatings and metal joining, all designed to enhance mechanical performance, improve material properties and extend the service life of critical components.

Operating more than 140 facilities across Europe, North America and the Asia-Pacific region, Bodycote serves customers in aerospace, automotive, energy, medical and general industrial markets.