Mortgage Advice Bureau (LON:MAB1) Hits New 52-Week Low – Here’s What Happened

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 334.50 and last traded at GBX 336.50, with a volume of 6743030 shares trading hands. The stock had previously closed at GBX 356.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 975 price target on shares of Mortgage Advice Bureau in a report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Mortgage Advice Bureau currently has a consensus rating of “Buy” and a consensus price target of GBX 975.

Mortgage Advice Bureau Price Performance

The company has a current ratio of 0.60, a quick ratio of 2.21 and a debt-to-equity ratio of 43.59. The stock has a market capitalization of £191.57 million, a PE ratio of 12.89, a PEG ratio of 0.81 and a beta of 1.03. The business has a fifty day moving average price of GBX 462.68 and a 200-day moving average price of GBX 512.55.

Mortgage Advice Bureau (LON:MAB1) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 6.30 earnings per share for the quarter. Mortgage Advice Bureau had a return on equity of 16.94% and a net margin of 3.59%. Research analysts expect that Mortgage Advice Bureau will post 44.7385003 EPS for the current fiscal year.

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 366 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of GBX 523 per share, for a total transaction of £1,914.18. Company insiders own 24.49% of the company’s stock.

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.