An announcement from Bodycote ( (GB:BOY) ) is now available.
Bodycote plc has announced the purchase of 42,979 of its ordinary shares as part of its extended share buyback programme. This move, which involves canceling the purchased shares, reduces the total number of shares in issue to 180,999,119, potentially increasing shareholder value and demonstrating confidence in the company’s financial health.
More about Bodycote
Bodycote plc operates in the thermal processing industry, specializing in heat treatment services that enhance the properties of metals and alloys. The company focuses on providing essential services to various sectors, including aerospace, automotive, and energy, ensuring improved material performance and durability.
YTD Price Performance: 1.26%
Average Trading Volume: 270,560
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.15B
For a thorough assessment of BOY stock, go to TipRanks’ Stock Analysis page.