Bodycote (OTCMKTS:BYPLF) Reaches New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Bodycote Stock Performance

The stock has a 50-day moving average price of $7.59 and a 200 day moving average price of $8.40.

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.