Michelmersh Brick (LON:MBH) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Michelmersh Brick Holdings plc (LON:MBH)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 81.49 and traded as low as GBX 76. Michelmersh Brick shares last traded at GBX 77, with a volume of 89,098 shares.

Analyst Ratings Changes

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

Michelmersh Brick Stock Performance

The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.56 and a current ratio of 2.24. The stock’s fifty day moving average is GBX 73.48 and its two-hundred day moving average is GBX 81.49. The firm has a market cap of £70.35 million, a price-to-earnings ratio of 19.70 and a beta of 0.78.

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