Mortgage Advice Bureau (LON:MAB1) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 621.69 and traded as low as GBX 506. Mortgage Advice Bureau shares last traded at GBX 525, with a volume of 279,523 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 price target on shares of Mortgage Advice Bureau in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 1,150.

Mortgage Advice Bureau Trading Up 6.4%

The company’s 50-day moving average is GBX 540.59 and its 200-day moving average is GBX 620.23. The firm has a market cap of £323.39 million, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.81 and a beta of 1.04. The company has a debt-to-equity ratio of 24.62, a quick ratio of 2.21 and a current ratio of 0.71.

Mortgage Advice Bureau (LON:MAB1) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 44.50 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a return on equity of 20.53% and a net margin of 4.75%. On average, research analysts predict that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach purchased 355 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of GBX 539 per share, for a total transaction of £1,913.45. In the last 90 days, insiders have purchased 1,073 shares of company stock valued at $585,515. Company insiders own 24.52% of the company’s stock.

Mortgage Advice Bureau Company Profile

MAB is a leading UK property finance platform that connects customers, advisers, lenders, and insurers throughout the homeownership journey. Through its scalable, technology-driven intermediary model, MAB delivers personalised mortgage and protection advice via its proprietary platform, supported by deep customer insight and a data-rich, digitally enabled framework.

Through its partner firms, known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice across mortgages, specialist lending, protection and general insurance products.