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Michelmersh Brick (LON:MBH) Share Price Crosses Above 200 Day Moving Average - What's Next?

Michelmersh Brick logo with Basic Materials background
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Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 102.67 ($1.32) and traded as high as GBX 106 ($1.36). Michelmersh Brick shares last traded at GBX 105 ($1.35), with a volume of 89,860 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 170 ($2.19) target price on shares of Michelmersh Brick in a research report on Friday, November 22nd.

Get Our Latest Stock Analysis on Michelmersh Brick

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 company's fifty day simple moving average is GBX 105.51 and its two-hundred day simple moving average is GBX 102.71. The company has a market capitalization of £95.23 million, a price-to-earnings ratio of 11.78 and a beta of 1.01.

About Michelmersh Brick

(Get Free Report)

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.

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