Bodycote (OTCMKTS:BYPLF) Lowered to Hold Rating by Berenberg Bank

Bodycote (OTCMKTS:BYPLF) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks reports.

BYPLF has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bodycote in a research report on Thursday, May 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bodycote in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Bodycote currently has a consensus rating of “Moderate Buy”.

Bodycote Stock Performance

BYPLF stock opened at $12.30 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. Bodycote has a 52-week low of $9.00 and a 52-week high of $12.30. The business has a 50-day simple moving average of $10.61 and a two-hundred day simple moving average of $10.05.

About Bodycote

Bodycote plc (OTCMKTS: BYPLF) is a global provider of industrial thermal processing and materials technology services. The company offers a range of solutions including heat treatment, hot isostatic pressing, surface coatings and metal joining, all designed to enhance mechanical performance, improve material properties and extend the service life of critical components.

Operating more than 140 facilities across Europe, North America and the Asia-Pacific region, Bodycote serves customers in aerospace, automotive, energy, medical and general industrial markets.