Michelmersh Brick (LON:MBH) Shares Cross Below Two Hundred Day Moving Average of $97.94

Michelmersh Brick Holdings plc (LON:MBH) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 97.94 ($1.24) and traded as low as GBX 94.60 ($1.20). Michelmersh Brick shares last traded at GBX 95.40 ($1.21), with a volume of 159,806 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 170 ($2.16) price objective on shares of Michelmersh Brick in a research report on Thursday, May 16th. Canaccord Genuity Group restated a “buy” rating and set a GBX 180 ($2.28) price target on shares of Michelmersh Brick in a report on Thursday, May 16th.

Michelmersh Brick Stock Down 1.0 %

The company has a quick ratio of 1.56, a current ratio of 2.44 and a debt-to-equity ratio of 1.55. The stock’s 50-day simple moving average is GBX 99.10 and its 200 day simple moving average is GBX 97.98. The firm has a market cap of £89.00 million, a P/E ratio of 950.00 and a beta of 0.94.

Insider Activity at Michelmersh Brick

In other Michelmersh Brick news, insider Robert Fenwick bought 20,000 shares of the stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of GBX 100 ($1.27) per share, for a total transaction of £20,000 ($25,371.05). 41.26% of the stock is owned by corporate insiders.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings plc, together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe. The company offers extruded wirecut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone colour blends in rustic, dragwire, smooth, and sand faced textures under the Carlton brand; prefabricated brick components under the FabSpeed brand; various bricks under the Floren.be brand; and clamp-fired stock facing bricks in various colours and textural finishes under the Freshfield Lane brand.