Mortgage Advice Bureau (LON:MAB1) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 583.58 and traded as low as GBX 516. Mortgage Advice Bureau shares last traded at GBX 524, with a volume of 50,898 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 1,150.

Check Out Our Latest Stock Analysis on MAB1

Mortgage Advice Bureau Stock Down 0.6%

The firm has a market cap of £300.08 million, a price-to-earnings ratio of 20.19, a PEG ratio of 0.81 and a beta of 1.04. The business has a fifty day simple moving average of GBX 530.80 and a 200 day simple moving average of GBX 583.14. The company has a debt-to-equity ratio of 24.62, a current ratio of 0.71 and a quick ratio of 2.21.

Insider Buying and Selling

In other news, insider Nathan James McLean Imlach acquired 369 shares of Mortgage Advice Bureau stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of GBX 520 per share, with a total value of £1,918.80. Over the last three months, insiders acquired 1,090 shares of company stock valued at $574,643. 24.52% of the stock is currently owned by corporate insiders.

Mortgage Advice Bureau Company Profile

(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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