Michelmersh Brick (LON:MBH) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Michelmersh Brick Holdings plc's stock price fell below its 200-day moving average of GBX 106.44, trading as low as GBX 103.
• The company has a debt-to-equity ratio of 2.05 and a current ratio of 2.13, indicating a strong liquidity position despite higher leverage.
• Michelmersh Brick produces over 120 million clay bricks and pavers annually and operates with seven market-leading brands.

Shares of Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 106.44 ($1.44) and traded as low as GBX 103 ($1.39). Michelmersh Brick shares last traded at GBX 103.20 ($1.40), with a volume of 208,632 shares.

Michelmersh Brick Stock Down 0.5%

The business's 50 day simple moving average is GBX 110.33 and its 200-day simple moving average is GBX 106.40. 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 company has a market cap of £94.73 million, a price-to-earnings ratio of 11.71 and a beta of 1.01.

About Michelmersh Brick

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.