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Mortgage Advice Bureau (LON:MAB1) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Mortgage Advice Bureau logo with Financial Services background

Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 835.65 ($11.48) and traded as high as GBX 880 ($12.08). Mortgage Advice Bureau shares last traded at GBX 862 ($11.84), with a volume of 157,446 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,150 ($15.79) target price on shares of Mortgage Advice Bureau in a research report on Wednesday, May 21st.

Read Our Latest Research Report on MAB1

Mortgage Advice Bureau Price Performance

The firm has a market cap of £510.02 million, a price-to-earnings ratio of 46.92, a PEG ratio of 0.81 and a beta of 1.14. The stock has a 50-day moving average price of GBX 840.75 and a 200 day moving average price of GBX 764.50.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Ben Thompson bought 55 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of GBX 845 ($11.60) per share, for a total transaction of £464.75 ($638.22). Also, insider Nathan James McLean Imlach purchased 264 shares of Mortgage Advice Bureau stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average price of GBX 824 ($11.32) per share, with a total value of £2,175.36 ($2,987.31). In the last quarter, insiders acquired 664 shares of company stock valued at $541,486. 20.02% of the stock is owned by company insiders.

Mortgage Advice Bureau Company Profile

(Get Free Report)

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.

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