Mortgage Advice Bureau (LON:MAB1) Stock Passes Below 200-Day Moving Average – What’s Next?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 615.62 and traded as low as GBX 557. Mortgage Advice Bureau shares last traded at GBX 565, with a volume of 192,009 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mortgage Advice Bureau presently has an average rating of “Buy” and an average price target of GBX 1,150.

Mortgage Advice Bureau Stock Performance

The stock’s 50 day moving average is GBX 540.21 and its two-hundred day moving average is GBX 615.18. The firm has a market capitalization of £318.21 million, a P/E ratio of 21.43, 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 current ratio of 0.71 and a quick ratio of 2.21.

Mortgage Advice Bureau (LON:MAB1) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 44.50 earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a net margin of 4.75% and a return on equity of 20.53%. As a group, equities analysts anticipate that Mortgage Advice Bureau will post 44.7385003 earnings per share for the current fiscal year.

Insider Buying and Selling at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 366 shares of Mortgage Advice Bureau stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of GBX 523 per share, for a total transaction of £1,914.18. Over the last 90 days, insiders acquired 1,073 shares of company stock valued at $585,515. Corporate 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.