Michelmersh Brick (LON:MBH) Shares Break Below 200-Day Moving Average – Should You Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 76.19 and traded as low as GBX 73. Michelmersh Brick shares last traded at GBX 74.20, with a volume of 115,823 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 price objective on shares of Michelmersh Brick in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 125.

Michelmersh Brick Trading Up 0.3%

The firm has a market cap of £68.09 million, a price-to-earnings ratio of 18.23 and a beta of 0.81. The business has a fifty day moving average of GBX 76.07 and a two-hundred day moving average of GBX 76.19. The company has a debt-to-equity ratio of 9.44, a quick ratio of 1.56 and a current ratio of 1.72.

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