Michelmersh Brick (LON:MBH) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 100.18 ($1.25) and traded as low as GBX 100 ($1.25). Michelmersh Brick shares last traded at GBX 100.81 ($1.26), with a volume of 23,293 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 170 ($2.12) target price on shares of Michelmersh Brick in a research report on Friday, November 22nd.

Michelmersh Brick Stock Performance

The firm’s 50 day moving average is GBX 103.40 and its 200-day moving average is GBX 100.18. The company has a market cap of £94.44 million, a PE ratio of 1,260.13 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13.

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.