Mortgage Advice Bureau (LON:MAB1) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) passed 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.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,150 price target on shares of Mortgage Advice Bureau in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Mortgage Advice Bureau currently has a consensus rating of “Buy” and a consensus price target of GBX 1,150.

Mortgage Advice Bureau Trading Down 0.2%

The stock has a 50-day moving average of GBX 527.77 and a two-hundred day moving average of GBX 599.20. The company has a market cap of £306.51 million, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. 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 at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 369 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of GBX 520 per share, with a total value of £1,918.80. Insiders acquired 1,442 shares of company stock worth $777,395 in the last ninety days. 24.52% of the stock is owned by company insiders.

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.