Michelmersh Brick (LON:MBH) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Michelmersh Brick Holdings plc (LON:MBH) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 81.25 and traded as low as GBX 76. Michelmersh Brick shares last traded at GBX 76, with a volume of 74,451 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on MBH. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Michelmersh Brick in a research report on Thursday, May 21st. Berenberg Bank dropped their target price on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Price Performance

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 company has a 50-day simple moving average of GBX 74.19 and a two-hundred day simple moving average of GBX 81.25. The stock has a market capitalization of £68.90 million, a price-to-earnings ratio of 19.29 and a beta of 0.78.

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

About Michelmersh Brick

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.