Mortgage Advice Bureau (LON:MAB1) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares passed 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 Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,150 target price on shares of Mortgage Advice Bureau in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1,150.

Mortgage Advice Bureau Price Performance

The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62. The company has a market capitalization of £325.12 million, a price-to-earnings ratio of 21.90, a PEG ratio of 0.81 and a beta of 1.03. The company has a 50 day moving average price of GBX 540.77 and a 200 day moving average price of GBX 615.62.

Mortgage Advice Bureau (LON:MAB1) last announced its quarterly earnings results 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%. As a group, equities research analysts forecast that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 355 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of GBX 539 per share, for a total transaction of £1,913.45. Insiders have acquired a total of 1,073 shares of company stock worth $585,515 over the last quarter. Corporate insiders own 24.52% of the company’s stock.

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.