Michelmersh Brick (LON:MBH) Hits New 52-Week High – Time to Buy?

Michelmersh Brick Holdings plc (LON:MBH)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 111.65 ($1.44) and last traded at GBX 109.50 ($1.41), with a volume of 281196 shares traded. The stock had previously closed at GBX 105 ($1.35).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on Michelmersh Brick from GBX 180 ($2.32) to GBX 170 ($2.19) and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Michelmersh Brick Trading Up 4.3 %

The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. The business’s 50-day simple moving average is GBX 98.97 and its two-hundred day simple moving average is GBX 99.26. The company has a market capitalization of £102.58 million, a PE ratio of 1,357.50 and a beta of 1.01.

Michelmersh Brick Cuts Dividend

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

About Michelmersh Brick

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.