Michelmersh Brick (LON:MBH) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 102 ($1.36) and traded as low as GBX 98 ($1.30). Michelmersh Brick shares last traded at GBX 100 ($1.33), with a volume of 147,506 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Canaccord Genuity Group reduced their target price on Michelmersh Brick from GBX 170 ($2.26) to GBX 160 ($2.13) and set a "buy" rating on the stock in a report on Tuesday, March 25th. Berenberg Bank reiterated a "buy" rating and issued a GBX 170 ($2.26) price objective on shares of Michelmersh Brick in a research report on Tuesday, March 25th.

Michelmersh Brick Stock Performance

The stock has a fifty day moving average of GBX 101.57 and a 200-day moving average of GBX 102. The firm has a market capitalization of £93.12 million, a P/E ratio of 11.52 and a beta of 1.01. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05.

Michelmersh Brick (LON:MBH - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) EPS for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. On average, research analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 EPS for the current year.

Michelmersh Brick Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be issued a dividend of GBX 3 ($0.04) per share. This represents a yield of 3.06%. The ex-dividend date is Thursday, June 5th. This is a positive change from Michelmersh Brick's previous dividend of $1.60. Michelmersh Brick's dividend payout ratio is presently 56.87%.

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.