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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 531.60 and traded as low as GBX 510.30. Mortgage Advice Bureau shares last traded at GBX 515.04, with a volume of 142,971 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,150 target price on shares of Mortgage Advice Bureau in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Stock Performance

The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62. The company has a 50-day moving average of GBX 531.60 and a 200-day moving average of GBX 606.30. The company has a market cap of £296.37 million, a PE ratio of 19.96, a PEG ratio of 0.81 and a beta of 1.03.

Insider Buying and Selling at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 355 shares of Mortgage Advice Bureau stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of GBX 539 per share, for a total transaction of £1,913.45. Over the last 90 days, insiders have bought 1,073 shares of company stock worth $585,515. Insiders own 24.52% 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.