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

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

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

Mortgage Advice Bureau Stock Up 0.0%

The stock’s 50-day moving average price is GBX 531.60 and its two-hundred day moving average price is GBX 606.30. The stock has a market capitalization of £296.37 million, a PE ratio of 19.96, a P/E/G ratio of 0.81 and a beta of 1.03. The company has a debt-to-equity ratio of 24.62, a quick ratio of 2.21 and a current ratio of 0.71.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 355 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of GBX 539 per share, with a total value of £1,913.45. Insiders have bought a total of 1,073 shares of company stock worth $585,515 over the last 90 days. 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.