Michelmersh Brick (LON:MBH) Stock Passes Below 200-Day Moving Average – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.63 and traded as low as GBX 73. Michelmersh Brick shares last traded at GBX 74.50, with a volume of 223,327 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 120 price target on shares of Michelmersh Brick in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Trading Up 2.0%

The company has a market cap of £69.28 million, a price-to-earnings ratio of 18.55 and a beta of 0.81. The company has a debt-to-equity ratio of 9.44, a quick ratio of 1.56 and a current ratio of 1.72. The firm has a fifty day moving average price of GBX 76.74 and a 200 day moving average price of GBX 76.62.

Michelmersh Brick (LON:MBH) last issued its earnings results on Tuesday, September 1st. The company reported GBX 2.56 earnings per share for the quarter. Michelmersh Brick had a net margin of 5.66% and a return on equity of 4.06%. As a group, equities analysts predict that Michelmersh Brick Holdings plc will post 10.3053435 EPS 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.