Michelmersh Brick (LON:MBH) Shares Cross Below Two Hundred Day Moving Average of $99.61

Michelmersh Brick Holdings plc (LON:MBH)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 99.61 ($1.33) and traded as low as GBX 95 ($1.27). Michelmersh Brick shares last traded at GBX 95 ($1.27), with a volume of 188,019 shares.

Analyst Ratings Changes

Separately, Berenberg Bank decreased their price target on shares of Michelmersh Brick from GBX 180 ($2.41) to GBX 170 ($2.27) and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Michelmersh Brick Stock Performance

The company has a market cap of £90.87 million, a P/E ratio of 1,187.50 and a beta of 1.01. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05. The company has a 50 day moving average price of GBX 100.28 and a 200-day moving average price of GBX 99.61.

Michelmersh Brick Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, November 28th will be given a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.54%. Michelmersh Brick’s dividend payout ratio is presently 6,250.00%.

About Michelmersh Brick

Michelmersh Brick Holdings plc, together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe. The company offers extruded wirecut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone colour blends in rustic, dragwire, smooth, and sand faced textures under the Carlton brand; prefabricated brick components under the FabSpeed brand; various bricks under the Floren.be brand; and clamp-fired stock facing bricks in various colours and textural finishes under the Freshfield Lane brand.