Bodycote (OTCMKTS:BYPLF) Hits New 12-Month Low – Here’s Why

Bodycote plc (OTCMKTS:BYPLF) shares reached a new 52-week low during trading on Monday . The company traded as low as $6.94 and last traded at $6.94, with a volume of 0 shares changing hands. The stock had previously closed at $6.94.

Analysts Set New Price Targets

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

Bodycote Stock Performance

The firm’s 50-day simple moving average is $8.28 and its 200-day simple moving average is $8.55.

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.