Michelmersh Brick (LON:MBH) Stock Price Passes Below Two Hundred 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 81.49 and traded as low as GBX 76. Michelmersh Brick shares last traded at GBX 77, with a volume of 89,098 shares traded.

Analyst Upgrades and Downgrades

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

Michelmersh Brick Stock Performance

The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. The firm’s 50-day moving average is GBX 73.52 and its two-hundred day moving average is GBX 81.47. The stock has a market cap of £71.53 million, a price-to-earnings ratio of 20.03 and a beta of 0.78.

Michelmersh Brick (LON:MBH) last released its quarterly earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%. As a group, sell-side analysts expect that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current year.

About Michelmersh Brick

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.