Michelmersh Brick (LON:MBH) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Michelmersh Brick Holdings plc (LON:MBH) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.03 and traded as low as GBX 78. Michelmersh Brick shares last traded at GBX 79.10, with a volume of 40,100 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MBH shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a research report on Thursday, May 21st. Berenberg Bank dropped their target price on shares of Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Michelmersh Brick has an average rating of “Buy” and an average target price of GBX 125.

Michelmersh Brick Stock Up 3.7%

The stock has a 50 day simple moving average of GBX 76.47 and a 200-day simple moving average of GBX 80.04. The firm has a market cap of £74.25 million, a PE ratio of 20.79 and a beta of 0.82. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.24 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.