Mortgage Advice Bureau (LON:MAB1) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 406.63 and traded as high as GBX 409.50. Mortgage Advice Bureau shares last traded at GBX 407.12, with a volume of 4,100,862 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 975 price objective on shares of Mortgage Advice Bureau in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 975.

Mortgage Advice Bureau Stock Performance

The firm has a market capitalization of £234.20 million, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The stock’s 50-day simple moving average is GBX 406.63 and its two-hundred day simple moving average is GBX 537.09. The company has a debt-to-equity ratio of 43.59, a current ratio of 0.60 and a quick ratio of 2.21.

Mortgage Advice Bureau (LON:MAB1) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a net margin of 3.59% and a return on equity of 16.94%. Equities research analysts expect that Mortgage Advice Bureau will post 44.74 EPS for the current year.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 366 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of GBX 523 per share, with a total value of £1,914.18. Also, insider Rachel Haworth acquired 5,452 shares of the stock in a transaction dated Monday, October 19th. The stock was acquired at an average price of GBX 366 per share, for a total transaction of £19,954.32. In the last quarter, insiders bought 11,679 shares of company stock valued at $4,202,409. Company insiders own 24.49% of the company’s stock.

About Mortgage Advice Bureau

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.