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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 569.67 and traded as low as GBX 518. Mortgage Advice Bureau shares last traded at GBX 518, with a volume of 113,094 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, Mortgage Advice Bureau presently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Trading Up 0.2%

The company has a market capitalization of £293.83 million, a price-to-earnings ratio of 19.77, a P/E/G ratio of 0.81 and a beta of 1.03. 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’s 50 day simple moving average is GBX 532.58 and its two-hundred day simple moving average is GBX 568.07.

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 366 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of GBX 523 per share, for a total transaction of £1,914.18. In the last ninety days, insiders acquired 1,118 shares of company stock worth $589,483. Corporate insiders own 24.49% 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.