Bodycote (LON:BOY) Shares Pass Above 200-Day Moving Average of $620.28

Bodycote plc (LON:BOY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 620.28 ($7.79) and traded as high as GBX 694 ($8.72). Bodycote shares last traded at GBX 694 ($8.72), with a volume of 244,226 shares.

Bodycote Trading Up 3.3 %

The stock’s fifty day moving average price is GBX 665.47 and its two-hundred day moving average price is GBX 620.28. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 12.23. The stock has a market capitalization of £1.31 billion, a P/E ratio of 1,542.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Bodycote Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, April 25th will be issued a dividend of GBX 16 ($0.20) per share. This is a positive change from Bodycote’s previous dividend of $6.70. This represents a yield of 2.53%. The ex-dividend date is Thursday, April 25th. Bodycote’s dividend payout ratio is currently 5,111.11%.

Insider Activity at Bodycote

In other news, insider Kevin Boyd purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average cost of GBX 653 ($8.20) per share, for a total transaction of £19,590 ($24,607.46). 1.41% of the stock is currently owned by company insiders.

About Bodycote

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.