Michelmersh Brick (LON:MBH) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 109.35 ($1.49) and traded as high as GBX 112 ($1.53). Michelmersh Brick shares last traded at GBX 110 ($1.50), with a volume of 213,999 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on MBH. Canaccord Genuity Group cut their price target on shares of Michelmersh Brick from GBX 170 ($2.32) to GBX 160 ($2.18) and set a "buy" rating on the stock in a report on Tuesday, March 25th. Berenberg Bank restated a "buy" rating and issued a GBX 170 ($2.32) target price on shares of Michelmersh Brick in a research note on Tuesday, March 25th.

Michelmersh Brick Trading Down 3.5%

The firm has a market capitalization of £98.09 million, a P/E ratio of 12.13 and a beta of 1.01. The stock has a 50-day simple moving average of GBX 109.80 and a two-hundred day simple moving average of GBX 105.12. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05.

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.