Mortgage Advice Bureau (LON:MAB1) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 689.15 and traded as low as GBX 646.90. Mortgage Advice Bureau shares last traded at GBX 649.03, with a volume of 187,442 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1,150.

Mortgage Advice Bureau Stock Up 1.1%

The firm has a market capitalization of £377.51 million, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. The firm has a 50 day moving average of GBX 689.15 and a two-hundred day moving average of GBX 751.08.

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

Insiders Place Their Bets

In other news, insider Emilie McCarthy acquired 1,369 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were bought at an average price of GBX 730 per share, with a total value of £9,993.70. Also, insider Nathan James McLean Imlach acquired 263 shares of Mortgage Advice Bureau stock in a transaction that occurred on Tuesday, September 30th. The shares were purchased at an average price of GBX 710 per share, for a total transaction of £1,867.30. 24.33% of the stock is currently owned by corporate insiders.

About Mortgage Advice Bureau

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.