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

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 105.22 ($1.42) and traded as low as GBX 105 ($1.42). Michelmersh Brick shares last traded at GBX 106.21 ($1.43), with a volume of 50,753 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Berenberg Bank restated a "buy" rating and issued a GBX 170 ($2.29) price target on shares of Michelmersh Brick in a research note on Tuesday, March 25th. Canaccord Genuity Group cut their price target on Michelmersh Brick from GBX 170 ($2.29) to GBX 160 ($2.16) and set a "buy" rating for the company in a research note on Tuesday, March 25th.

Michelmersh Brick Trading Up 1.9%

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 company has a market capitalization of £100.70 million, a price-to-earnings ratio of 12.45 and a beta of 1.01. The company has a fifty day moving average of GBX 110.12 and a 200-day moving average of GBX 105.31.

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.