Michelmersh Brick (LON:MBH) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 79.57 and traded as low as GBX 77. Michelmersh Brick shares last traded at GBX 79.22, with a volume of 133,529 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Stock Performance

The firm has a market cap of £71.82 million, a price-to-earnings ratio of 20.11 and a beta of 0.82. The stock’s fifty day moving average is GBX 78.39 and its two-hundred day moving average is GBX 79.57. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.56 and a current ratio of 2.24.

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.