Michelmersh Brick (LON:MBH) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Michelmersh Brick Holdings plc (LON:MBH) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 104.18 ($1.40) and traded as low as GBX 88 ($1.18). Michelmersh Brick shares last traded at GBX 89 ($1.19), with a volume of 111,055 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MBH. Canaccord Genuity Group decreased their target price on shares of Michelmersh Brick from GBX 160 to GBX 150 and set a “buy” rating on the stock in a research report on Tuesday, September 2nd. Berenberg Bank decreased their target price on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research report on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 156.67.

Michelmersh Brick Price Performance

The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. The company has a market capitalization of £81.72 million, a PE ratio of 1,583.63 and a beta of 1.01. The stock’s 50-day moving average is GBX 98.45 and its two-hundred day moving average is GBX 104.18.

Michelmersh Brick (LON:MBH) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 3.30 EPS for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. On average, equities analysts predict that Michelmersh Brick Holdings plc will post 10.3053435 EPS for the current 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.