Michelmersh Brick (LON:MBH) Shares Break Below 200 Day Moving Average – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 75.97 and traded as low as GBX 74. Michelmersh Brick shares last traded at GBX 76.33, with a volume of 67,857 shares trading hands.

Wall Street Analyst Weigh In

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

Michelmersh Brick Trading Down 0.7%

The firm has a market cap of £68.82 million, a P/E ratio of 18.43 and a beta of 0.81. The business’s 50-day moving average is GBX 75.13 and its two-hundred day moving average is GBX 76.04. The company has a debt-to-equity ratio of 9.44, a current ratio of 1.72 and a quick ratio of 1.56.

Michelmersh Brick (LON:MBH) last issued its quarterly 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%. As a group, analysts predict that Michelmersh Brick Holdings plc will post 10.31 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.