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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 615.62 and traded as low as GBX 557. Mortgage Advice Bureau shares last traded at GBX 565, with a volume of 192,009 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 report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,150.

Mortgage Advice Bureau Price Performance

The stock has a market cap of £325.12 million, a P/E ratio of 21.90, a P/E/G ratio of 0.81 and a beta of 1.03. The business has a 50 day simple moving average of GBX 540.77 and a 200-day simple moving average of GBX 615.62. 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 posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 44.50 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a net margin of 4.75% and a return on equity of 20.53%. On average, sell-side analysts forecast that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach acquired 366 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of GBX 523 per share, with a total value of £1,914.18. In the last ninety days, insiders acquired 1,073 shares of company stock worth $585,515. 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.