Bodycote (OTCMKTS:BYPLF) Hits New 52-Week Low – Here’s Why

Bodycote plc (OTCMKTS:BYPLF)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.94 and last traded at $6.94, with a volume of 0 shares traded. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays upgraded shares of Bodycote to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada upgraded shares of Bodycote from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 15th.

Bodycote Stock Performance

The company’s 50-day moving average is $7.71 and its 200-day moving average is $8.43.

Bodycote Company Profile

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.