Mortgage Advice Bureau (LON:MAB1) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 527.77 and traded as low as GBX 522. Mortgage Advice Bureau shares last traded at GBX 532, with a volume of 50,328 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a report on Tuesday, June 23rd. One investment 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 price target of GBX 1,150.

Mortgage Advice Bureau Price Performance

The firm has a fifty day moving average of GBX 527.77 and a 200 day moving average of GBX 599.20. The company has a market capitalization of £306.51 million, a P/E ratio of 20.62, a P/E/G ratio of 0.81 and a beta of 1.04. The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62.

Insider Transactions at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 369 shares of Mortgage Advice Bureau stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of GBX 520 per share, for a total transaction of £1,918.80. In the last quarter, insiders have bought 1,442 shares of company stock worth $777,395. 24.52% of the stock is currently owned by corporate insiders.

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.