Michelmersh Brick (LON:MBH) Stock Price Passes Above 200 Day Moving Average of $99.27

Michelmersh Brick Holdings plc (LON:MBH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 99.27 ($1.31) and traded as high as GBX 102 ($1.35). Michelmersh Brick shares last traded at GBX 100.50 ($1.33), with a volume of 70,381 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on Michelmersh Brick from GBX 180 ($2.38) to GBX 170 ($2.25) and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

Michelmersh Brick Price Performance

The stock’s 50 day simple moving average is GBX 100.07 and its 200 day simple moving average is GBX 99.27. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The firm has a market capitalization of £94.15 million, a P/E ratio of 1,256.25 and a beta of 1.01.

Michelmersh Brick Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, November 28th will be issued a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.54%. Michelmersh Brick’s payout ratio is currently 6,250.00%.

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.