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

Key Points

• Shares of Mortgage Advice Bureau crossed below its 200-day moving average of GBX 686.24, trading as low as GBX 540 and last at GBX 544 on volume of 538,778.
• Analysts remain positive—Berenberg Bank reaffirmed a Buy rating with a GBX 1,150 target, and MarketBeat shows a consensus Buy with the same GBX 1,150 target.
• Insider Nathan James McLean Imlach purchased 231 shares at GBX 805 and insiders own 24.3% of the stock; the company has a market cap of £315.64m, a PE of 16.64 and a debt-to-equity ratio of 9.51.

Shares of Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 686.24 and traded as low as GBX 540. Mortgage Advice Bureau shares last traded at GBX 544, with a volume of 538,778 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,150 target price on shares of Mortgage Advice Bureau in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mortgage Advice Bureau currently has a consensus rating of "Buy" and a consensus target price of GBX 1,150.

Mortgage Advice Bureau Trading Up 0.4%

The firm has a market capitalization of £315.64 million, a PE ratio of 16.64, a P/E/G ratio of 0.81 and a beta of 1.09. The firm has a 50 day simple moving average of GBX 679.60 and a 200 day simple moving average of GBX 686.24. The company has a current ratio of 0.74, a quick ratio of 2.21 and a debt-to-equity ratio of 9.51.

Insider Activity

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 231 shares of the company's stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average cost of GBX 805 per share, with a total value of £1,859.55. 24.30% of the stock is currently 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. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.

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