Mortgage Advice Bureau (LON:MAB1) Hits New 1-Year Low – Time to Sell?

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 484 and last traded at GBX 490.50, with a volume of 464697 shares changing hands. The stock had previously closed at GBX 499.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 price objective 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, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,150.

Mortgage Advice Bureau Stock Down 1.8%

The firm has a market capitalization of £282.60 million, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. The company has a debt-to-equity ratio of 24.62, a current ratio of 0.71 and a quick ratio of 2.21. The business has a fifty day moving average price of GBX 523.95 and a two-hundred day moving average price of GBX 545.08.

Insiders Place Their Bets

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 369 shares of Mortgage Advice Bureau stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of GBX 520 per share, with a total value of £1,918.80. In the last 90 days, insiders have purchased 763 shares of company stock valued at $398,138. 24.49% of the stock is currently owned by corporate 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.