Michelmersh Brick (LON:MBH) Share Price Crosses Above 200 Day Moving Average of $0.00

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Michelmersh Brick Holdings Plc (LON:MBH)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $90.50. Michelmersh Brick shares last traded at $89.70, with a volume of 49,396 shares changing hands.

Separately, Canaccord Genuity lowered shares of Cronos Group from a “hold” rating to a “sell” rating and set a C$17.00 target price for the company. in a research note on Wednesday, March 27th.

The firm’s 50 day simple moving average is GBX 93.35. The company has a market capitalization of $82.96 million and a P/E ratio of 16.02. The company has a current ratio of 2.32, a quick ratio of 1.33 and a debt-to-equity ratio of 26.77.

About Michelmersh Brick (LON:MBH)

Michelmersh Brick Holdings Plc, through its subsidiaries, manufactures and sells bricks, tiles, and building products in the United Kingdom, Europe, and internationally. It operates through Building Materials and Landfill segments. The company offers extruded wire cut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone color blends in rustic, drag wire, smooth, and sand faced textures under the Carlton brand; handmade bricks and special products under the Charnwood brand; clamp-fired stock facing bricks in various textural finishes under the Freshfield Lane brand; clay bricks, tiles, and pavers under the Michelmersh brand; and various architectural components under the Hathern Terra Cotta brand.

Further Reading: How to Use a Moving Average for Trading 

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