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

Michelmersh Brick Holdings plc (LON:MBH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 80.61 and traded as low as GBX 77. Michelmersh Brick shares last traded at GBX 79, with a volume of 12,551 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on MBH shares. Berenberg Bank reduced their price target on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 price target on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Price 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 company has a 50 day moving average price of GBX 75.62 and a 200 day moving average price of GBX 80.56. The company has a market capitalization of £71.17 million, a P/E ratio of 19.92 and a beta of 0.81.

Michelmersh Brick (LON:MBH) last posted its earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. On average, equities analysts predict that Michelmersh Brick Holdings plc will post 10.3053435 EPS 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.