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

Shares of Michelmersh Brick Holdings plc (LON:MBH) reached a new 52-week high on Wednesday . The stock traded as high as GBX 109.05 ($1.41) and last traded at GBX 106 ($1.37), with a volume of 548033 shares traded. The stock had previously closed at GBX 103 ($1.34).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on shares of Michelmersh Brick from GBX 180 ($2.33) to GBX 170 ($2.20) and set a “buy” rating for the company in a research report on Tuesday, September 3rd.

Michelmersh Brick Price Performance

The company has a market capitalization of £99.30 million, a PE ratio of 1,287.50 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. The firm’s 50-day moving average is GBX 98.90 and its 200-day moving average is GBX 99.03.

Michelmersh Brick Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.54%. Michelmersh Brick’s dividend payout ratio (DPR) is presently 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.