Michelmersh Brick (LON:MBH) Hits New 52-Week High – Here’s What Happened

Shares of Michelmersh Brick Holdings plc (LON:MBH) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 111.65 ($1.44) and last traded at GBX 109.50 ($1.41), with a volume of 281196 shares traded. The stock had previously closed at GBX 105 ($1.35).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price objective on Michelmersh Brick from GBX 180 ($2.32) to GBX 170 ($2.19) and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

Michelmersh Brick Stock Performance

The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of £99.30 million, a price-to-earnings ratio of 1,337.10 and a beta of 1.01. The stock has a fifty day moving average price of GBX 99.36 and a 200-day moving average price of GBX 99.39.

Michelmersh Brick Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, November 28th. This represents a yield of 1.54%. Michelmersh Brick’s dividend payout ratio is currently 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.