Michelmersh Brick (LON:MBH) Share Price Passes Below 200 Day Moving Average – Here’s Why

Michelmersh Brick Holdings plc (LON:MBH)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 90.39 and traded as low as GBX 87. Michelmersh Brick shares last traded at GBX 91.10, with a volume of 184,356 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 150 target price on shares of Michelmersh Brick in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 150.

Michelmersh Brick Stock Down 1.4%

The stock has a market capitalization of £80.87 million, a P/E ratio of 15.87 and a beta of 1.01. The stock’s fifty day moving average is GBX 86.14 and its two-hundred day moving average is GBX 90.39. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.