Mortgage Advice Bureau (LON:MAB1) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1Get Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 583.58 and traded as low as GBX 516. Mortgage Advice Bureau shares last traded at GBX 524, with a volume of 50,898 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Check Out Our Latest Report on Mortgage Advice Bureau

Mortgage Advice Bureau Stock Performance

The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62. The stock has a market capitalization of £308.23 million, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. The stock’s 50-day simple moving average is GBX 530.88 and its 200 day simple moving average is GBX 583.58.

Insider Activity

In other news, insider Nathan James McLean Imlach bought 369 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of GBX 520 per share, for a total transaction of £1,918.80. Company insiders own 24.52% of the company’s stock.

About Mortgage Advice Bureau

(Get Free Report)

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.

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