Bodycote (OTCMKTS:BYPLF) Sets New 52-Week Low – What’s Next?

Bodycote plc (OTCMKTS:BYPLF)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $7.25 and last traded at $7.25, with a volume of 125 shares. The stock had previously closed at $7.25.

Wall Street Analyst Weigh In

BYPLF has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of Bodycote from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 15th. Barclays raised shares of Bodycote to a “hold” rating in a research note on Friday, August 16th.

Bodycote Stock Performance

The business has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $8.61.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. 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 furnace/vacuum 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.