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

Michelmersh Brick Holdings plc (LON:MBH)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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

Several research analysts have recently issued reports on MBH shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 180 ($2.28) target price on shares of Michelmersh Brick in a report on Thursday, May 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 170 ($2.15) price target on shares of Michelmersh Brick in a research report on Thursday, May 16th.

Michelmersh Brick Stock Performance

The firm’s 50-day moving average is GBX 98.84 and its 200 day moving average is GBX 98.31. The stock has a market cap of £89.89 million, a PE ratio of 960.00 and a beta of 0.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.56 and a current ratio of 2.44.

Insider Activity at Michelmersh Brick

In other Michelmersh Brick news, insider Robert Fenwick purchased 20,000 shares of Michelmersh Brick stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average price of GBX 100 ($1.26) per share, for a total transaction of £20,000 ($25,297.24). 41.26% of the stock is owned by insiders.

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.