Mortgage Advice Bureau (LON:MAB1) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 577.65 and traded as low as GBX 521.04. Mortgage Advice Bureau shares last traded at GBX 546, with a volume of 96,569 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,150 price target on shares of Mortgage Advice Bureau in a research report on Thursday, July 23rd. One 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 price target of GBX 1,150.

Mortgage Advice Bureau Price Performance

The firm has a market capitalization of £314.57 million, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. The company has a debt-to-equity ratio of 24.62, a quick ratio of 2.21 and a current ratio of 0.71. The business has a 50 day simple moving average of GBX 531.36 and a two-hundred day simple moving average of GBX 577.65.

Insider Activity at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach acquired 369 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of GBX 520 per share, for a total transaction of £1,918.80. Insiders bought a total of 1,090 shares of company stock worth $574,643 over the last ninety days. 24.49% of the stock is currently owned by 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.