Michelmersh Brick (LON:MBH) Reaches New 52-Week Low – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH) shares hit a new 52-week low on Monday . The stock traded as low as GBX 89.50 ($1.14) and last traded at GBX 94 ($1.20), with a volume of 224008 shares trading hands. The stock had previously closed at GBX 94 ($1.20).

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 170 ($2.16) price objective on shares of Michelmersh Brick in a report on Tuesday, March 25th. Canaccord Genuity Group decreased their price target on Michelmersh Brick from GBX 170 ($2.16) to GBX 160 ($2.04) and set a “buy” rating on the stock in a research note on Tuesday, March 25th.

Michelmersh Brick Price Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The company has a market cap of £86.45 million, a price-to-earnings ratio of 10.69 and a beta of 1.01. The firm’s 50-day moving average price is GBX 103.86 and its 200-day moving average price is GBX 102.34.

Michelmersh Brick (LON:MBH) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 8.18 ($0.10) EPS for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. Sell-side analysts forecast that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current fiscal year.

Michelmersh Brick Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Thursday, June 5th will be paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, June 5th. This is an increase from Michelmersh Brick’s previous dividend of $1.60. This represents a dividend yield of 3.06%. Michelmersh Brick’s dividend payout ratio (DPR) is currently 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.