Michelmersh Brick (LON:MBH) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 94.90 and traded as low as GBX 83. Michelmersh Brick shares last traded at GBX 84.70, with a volume of 91,003 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 target price on shares of Michelmersh Brick in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 150.

Michelmersh Brick Price Performance

The company’s 50-day moving average is GBX 85.28 and its 200-day moving average is GBX 94.61. The firm has a market capitalization of £75.52 million, a price-to-earnings ratio of 14.82 and a beta of 1.01. 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.