The stock of Michelmersh Brick Holdings Plc (LON:MBH) hit a new 52-week low and has GBX 44.21 target or 10.00% below today’s GBX 49.12 share price. The 6 months bearish chart indicates high risk for the GBX 39.86M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 44.21 price target is reached, the company will be worth GBX 3.99 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.25% or GBX 0.12 on November 8, hitting GBX 49.12. About 27,948 shares traded hands. Michelmersh Brick Holdings Plc (LON:MBH) has declined 41.02% since April 8, 2016 and is downtrending. It has underperformed by 42.97% the S&P500.
Another recent and important Michelmersh Brick Holdings Plc (LON:MBH) news was published by Fool.Co.Uk which published an article titled: “Is It Still Safe To Buy housebuilders Bellway plc, Persimmon plc and Taylor …” on November 02, 2015.
Michelmersh Brick Holdings Plc is a United Kingdom company, which is engaged in the manufacture of clay bricks, tiles and pavers. The company has a market cap of 39.86 million GBP. The principal activity of the Company is the management and administration of its subsidiary companies. It has a 10.89 P/E ratio. The Company’s divisions are Building materials and Landfill.
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