Michelmersh Brick (LON:MBH) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBHGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 102.66 ($1.33) and traded as low as GBX 100.45 ($1.30). Michelmersh Brick shares last traded at GBX 102.33 ($1.33), with a volume of 242,046 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 170 ($2.21) price target on shares of Michelmersh Brick in a research report on Friday, November 22nd.

Get Our Latest Stock Report on Michelmersh Brick

Michelmersh Brick Stock Down 1.0 %

The business’s 50 day moving average is GBX 105.76 and its 200-day moving average is GBX 102.66. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The company has a market cap of £94.11 million, a PE ratio of 11.64 and a beta of 1.01.

About Michelmersh Brick

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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.

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