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

Michelmersh Brick Holdings plc (LON:MBH) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 100.18 ($1.23) and traded as low as GBX 100 ($1.23). Michelmersh Brick shares last traded at GBX 100.81 ($1.24), with a volume of 23,293 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 170 ($2.09) price objective on shares of Michelmersh Brick in a research report on Friday, November 22nd.

Michelmersh Brick Trading Up 0.8 %

The stock’s 50 day simple moving average is GBX 103.36 and its two-hundred day simple moving average is GBX 100.19. The stock has a market capitalization of £95.41 million, a PE ratio of 1,273.13 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56.

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.