Michelmersh Brick (LON:MBH) Stock Passes Below 200 Day Moving Average - Time to Sell?

Shares of Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 102 ($1.37) and traded as low as GBX 100 ($1.34). Michelmersh Brick shares last traded at GBX 100.75 ($1.35), with a volume of 72,771 shares trading hands.

Analyst Upgrades and Downgrades

MBH has been the topic of a number of recent research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 170 ($2.28) price objective on shares of Michelmersh Brick in a research report on Tuesday, March 25th. Canaccord Genuity Group lowered their price target on Michelmersh Brick from GBX 170 ($2.28) to GBX 160 ($2.15) and set a "buy" rating for the company in a report on Tuesday, March 25th.

Michelmersh Brick Trading Up 1.4 %

The company has a 50 day moving average price of GBX 101 and a two-hundred day moving average price of GBX 102.28. 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 £96.57 million, a price-to-earnings ratio of 11.94 and a beta of 1.01.

Michelmersh Brick (LON:MBH - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. On average, research analysts forecast that Michelmersh Brick Holdings plc will post 10.3053435 EPS for the current year.

Michelmersh Brick Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a dividend yield of 3.06%. This is a boost from Michelmersh Brick's previous dividend of $1.60. Michelmersh Brick's payout ratio is 56.87%.

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.