Mortgage Advice Bureau (LON:MAB1) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 702.65 ($9.37) and traded as low as GBX 676 ($9.02). Mortgage Advice Bureau shares last traded at GBX 690.01 ($9.20), with a volume of 155,737 shares.

Wall Street Analyst Weigh In

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

Mortgage Advice Bureau Stock Performance

The firm has a fifty day moving average price of GBX 702.65 and a 200 day moving average price of GBX 781.61. The stock has a market cap of £391.79 million, a PE ratio of 20.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau (LON:MAB1) last issued its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 11.80 EPS for the quarter. Mortgage Advice Bureau had a return on equity of 15.33% and a net margin of 4.41%. On average, equities research analysts forecast that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current year.

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Emilie McCarthy bought 1,369 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were purchased at an average cost of GBX 730 per share, with a total value of £9,993.70. Also, insider Nathan James McLean Imlach bought 263 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average cost of GBX 710 per share, for a total transaction of £1,867.30. Over the last three months, insiders purchased 2,150 shares of company stock worth $1,588,202. 24.33% of the stock is owned by insiders.

Mortgage Advice Bureau Company Profile

MAB is one of the UK’s leading consumer intermediary brands and specialist networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has approximately 2,000 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products.