Michelmersh Brick (LON:MBH) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 102.31 ($1.31) and traded as high as GBX 108.50 ($1.39). Michelmersh Brick shares last traded at GBX 107.90 ($1.38), with a volume of 76,130 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 170 ($2.17) price objective on shares of Michelmersh Brick in a research note on Friday, November 22nd.

Michelmersh Brick Price Performance

The company has a market capitalization of £96.23 million, a price-to-earnings ratio of 11.90 and a beta of 1.01. The company's 50 day simple moving average is GBX 105.27 and its 200-day simple moving average is GBX 102.62. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05.

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.