Mortgage Advice Bureau (LON:MAB1) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1Get Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 527.77 and traded as low as GBX 522. Mortgage Advice Bureau shares last traded at GBX 532, with a volume of 50,328 shares changing 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 Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Mortgage Advice Bureau currently has a consensus rating of “Buy” and a consensus target price of GBX 1,150.

View Our Latest Stock Report on Mortgage Advice Bureau

Mortgage Advice Bureau Price Performance

The stock has a market capitalization of £306.51 million, a price-to-earnings ratio of 20.62, a P/E/G ratio of 0.81 and a beta of 1.04. The business has a 50-day simple moving average of GBX 527.77 and a two-hundred day simple moving average of GBX 599.20. The company has a quick ratio of 2.21, a current ratio of 0.71 and a debt-to-equity ratio of 24.62.

Insiders Place Their Bets

In other news, insider Nathan James McLean Imlach bought 369 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of GBX 520 per share, with a total value of £1,918.80. Insiders bought a total of 1,442 shares of company stock worth $777,395 over the last ninety days. Company insiders own 24.52% of the company’s stock.

About Mortgage Advice Bureau

(Get Free Report)

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.

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