Michelmersh Brick (LON:MBH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Michelmersh Brick Holdings plc (LON:MBH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 102.67 ($1.33) and traded as high as GBX 106 ($1.37). Michelmersh Brick shares last traded at GBX 105 ($1.36), with a volume of 89,860 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 170 ($2.20) target price on shares of Michelmersh Brick in a research report on Friday, November 22nd.

Michelmersh Brick Price Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The stock has a market cap of £96.57 million, a price-to-earnings ratio of 11.94 and a beta of 1.01. The business’s 50-day simple moving average is GBX 105.41 and its two-hundred day simple moving average is GBX 102.68.

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.