Michelmersh Brick (LON:MBH) Stock Breaks Above 50-Day Moving Average – Time to Sell?

Shares of Michelmersh Brick Holdings plc (LON:MBH) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 75.66 and traded as high as GBX 77. Michelmersh Brick shares last traded at GBX 74.99, with a volume of 190,626 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 120 target price on shares of Michelmersh Brick in a research report on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Stock Down 2.7%

The company has a current ratio of 1.72, a quick ratio of 1.56 and a debt-to-equity ratio of 9.44. The stock’s 50-day moving average is GBX 75.56 and its 200-day moving average is GBX 75.89. The company has a market cap of £66.07 million, a price-to-earnings ratio of 17.69 and a beta of 0.81.

Michelmersh Brick (LON:MBH) last issued its earnings results on Tuesday, September 1st. The company reported GBX 2.56 earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 5.66% and a return on equity of 4.06%. On average, analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current fiscal year.

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.