Michelmersh Brick (LON:MBH) Stock Price Crosses Below Two Hundred 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 Thursday . The stock has a 200-day moving average of GBX 91.52 and traded as low as GBX 90. Michelmersh Brick shares last traded at GBX 92.50, with a volume of 168,383 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 price target on shares of Michelmersh Brick in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 150.

Michelmersh Brick Trading Up 4.3%

The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05. The stock has a fifty day simple moving average of GBX 85.59 and a 200 day simple moving average of GBX 91.41. The firm has a market capitalization of £87.03 million, a P/E ratio of 17.08 and a beta of 1.01.

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.