Michelmersh Brick (LON:MBH) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Michelmersh Brick Holdings plc (LON:MBH) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 79.36 and traded as low as GBX 77. Michelmersh Brick shares last traded at GBX 78.80, with a volume of 177,683 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 price objective 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, According to data from MarketBeat.com, Michelmersh Brick currently has a consensus rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Price Performance

The firm has a market cap of £68.00 million, a PE ratio of 19.04 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. The firm has a 50-day simple moving average of GBX 78.94 and a 200 day simple moving average of GBX 79.26.

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.