Michelmersh Brick (LON:MBH) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Michelmersh Brick Holdings plc (LON:MBH – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 99.02 ($1.29) and traded as low as GBX 95.01 ($1.23). Michelmersh Brick shares last traded at GBX 98 ($1.27), with a volume of 357,504 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on shares of Michelmersh Brick from GBX 180 ($2.34) to GBX 170 ($2.21) and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.

Read Our Latest Research Report on MBH

Michelmersh Brick Price 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 cap of £90.87 million, a price-to-earnings ratio of 1,212.50 and a beta of 1.01. The stock’s fifty day moving average price is GBX 99.03 and its 200-day moving average price is GBX 99.01.

Michelmersh Brick Cuts Dividend

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

Michelmersh Brick Company Profile

(Get Free Report)

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.

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