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

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s stock price passed 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.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on Michelmersh Brick from GBX 180 ($2.34) to GBX 170 ($2.21) and set a "buy" rating for the company in a report on Tuesday, September 3rd.

Michelmersh Brick Stock Performance

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 £92.74 million, a price-to-earnings ratio of 1,237.50 and a beta of 1.01. The stock's fifty day moving average is GBX 99.09 and its two-hundred day moving average is GBX 99.01.

Michelmersh Brick Cuts Dividend

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

Michelmersh Brick Company Profile

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.