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

Shares of Michelmersh Brick Holdings plc (LON:MBH) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 82.58 and traded as low as GBX 68.20. Michelmersh Brick shares last traded at GBX 68.40, with a volume of 249,734 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MBH. Canaccord Genuity Group lowered their price objective on Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Berenberg Bank decreased their price target on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating for the company in a report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 125.

Michelmersh Brick Trading Up 0.3%

The firm has a fifty day moving average price of GBX 75.58 and a 200-day moving average price of GBX 82.58. The company has a market capitalization of £62.01 million, a P/E ratio of 17.36 and a beta of 0.78. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.24 and a quick ratio of 1.56.

Michelmersh Brick (LON:MBH) last announced its 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 anticipate 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.