Michelmersh Brick (LON:MBH) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Michelmersh Brick Holdings plc (LON:MBH) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 80.61 and traded as low as GBX 77. Michelmersh Brick shares last traded at GBX 79, with a volume of 12,551 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 price target on shares of Michelmersh Brick in a research note on Thursday, May 21st. Berenberg Bank cut their price target on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Michelmersh Brick currently has an average rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Trading Up 1.3%

The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83. The stock has a market capitalization of £71.62 million, a PE ratio of 20.05 and a beta of 0.81. The business’s 50-day moving average is GBX 75.55 and its two-hundred day moving average is GBX 80.61.

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

Michelmersh Brick Company Profile

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.