Michelmersh Brick (LON:MBH) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 79.57 and traded as low as GBX 77. Michelmersh Brick shares last traded at GBX 79.22, with a volume of 133,529 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 target price 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 MarketBeat.com, Michelmersh Brick currently has a consensus rating of “Buy” and a consensus target price of GBX 125.

Michelmersh Brick Stock 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 stock has a market capitalization of £72.53 million, a PE ratio of 20.30 and a beta of 0.82. The business’s 50 day moving average is GBX 78.52 and its 200 day moving average is GBX 79.54.

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.