Mortgage Advice Bureau (LON:MAB1) Shares Cross Above 50-Day Moving Average – Should You Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty 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 trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 975 price target on shares of Mortgage Advice Bureau in a report 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 a consensus target price of GBX 975.

Mortgage Advice Bureau Stock Performance

The stock has a 50 day moving average of GBX 401.82 and a 200 day moving average of GBX 533.97. The company has a quick ratio of 2.21, a current ratio of 0.60 and a debt-to-equity ratio of 43.59. The company has a market capitalization of £227.00 million, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

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

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Mike Jones purchased 5,833 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was purchased at an average cost of GBX 343 per share, for a total transaction of £20,007.19. 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 cost of GBX 366 per share, with a total value of £19,954.32. Insiders have bought a total of 11,679 shares of company stock worth $4,202,409 over the last quarter. 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.