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

Michelmersh Brick Holdings plc (LON:MBH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 90.39 and traded as low as GBX 87. Michelmersh Brick shares last traded at GBX 91.10, with a volume of 184,356 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 price objective on shares of Michelmersh Brick in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 150.

Michelmersh Brick Trading Down 1.4%

The company has a market cap of £80.87 million, a PE ratio of 15.87 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The company has a 50 day simple moving average of GBX 86.14 and a two-hundred day simple moving average of GBX 90.39.

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.