Michelmersh Brick (LON:MBH) Stock Price Passes Below Two Hundred Day Moving Average of $98.31

Michelmersh Brick Holdings plc (LON:MBH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.31 ($1.24) and traded as low as GBX 95.10 ($1.20). Michelmersh Brick shares last traded at GBX 96 ($1.21), with a volume of 401,115 shares changing hands.

Wall Street Analysts Forecast Growth

MBH has been the topic of a number of analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 170 ($2.15) price objective on shares of Michelmersh Brick in a research note on Thursday, May 16th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 180 ($2.28) price objective on shares of Michelmersh Brick in a research note on Thursday, May 16th.

Michelmersh Brick Price Performance

The company has a debt-to-equity ratio of 1.55, a current ratio of 2.44 and a quick ratio of 1.56. The firm has a market cap of £89.89 million, a price-to-earnings ratio of 960.00 and a beta of 0.94. The business’s 50-day moving average price is GBX 98.84 and its two-hundred day moving average price is GBX 98.31.

Insider Transactions at Michelmersh Brick

In related news, insider Robert Fenwick purchased 20,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was acquired at an average price of GBX 100 ($1.26) per share, with a total value of £20,000 ($25,297.24). Corporate insiders own 41.26% of the company’s stock.

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.