Michelmersh Brick (LON:MBH) Stock Passes Below 200 Day Moving Average – Should You Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 99.02 ($1.29) and traded as low as GBX 95.01 ($1.23). Michelmersh Brick shares last traded at GBX 98 ($1.27), with a volume of 357,504 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price objective on shares of Michelmersh Brick from GBX 180 ($2.34) to GBX 170 ($2.21) and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Michelmersh Brick Trading Up 1.0 %

The stock has a fifty day moving average of GBX 99.17 and a two-hundred day moving average of GBX 99.02. The company has a market capitalization of £91.81 million, a PE ratio of 1,225.00 and a beta of 1.01. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05.

Michelmersh Brick Cuts Dividend

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

Michelmersh Brick Company Profile

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.