Michelmersh Brick (LON:MBH) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

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 102.66 ($1.33) and traded as low as GBX 100.45 ($1.31). Michelmersh Brick shares last traded at GBX 102.33 ($1.33), with a volume of 242,046 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 170 ($2.21) target price on shares of Michelmersh Brick in a report on Friday, November 22nd.

Michelmersh Brick Stock Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The firm has a fifty day simple moving average of GBX 105.79 and a 200 day simple moving average of GBX 102.65. The company has a market capitalization of £93.94 million, a price-to-earnings ratio of 11.62 and a beta of 1.01.

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.