Bodycote (OTCMKTS:BYPLF) Sets New 52-Week Low – Time to Sell?

Bodycote plc (OTCMKTS:BYPLF) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.00 and last traded at $8.00, with a volume of 0 shares trading hands. The stock had previously closed at $8.00.

Analyst Ratings Changes

BYPLF has been the topic of several analyst reports. Royal Bank of Canada upgraded shares of Bodycote to a “hold” rating in a research note on Wednesday, July 31st. Barclays raised Bodycote to a “hold” rating in a research note on Friday, August 16th.

Bodycote Price Performance

The business’s 50-day simple moving average is $8.88 and its 200-day simple moving average is $8.67.

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.