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

Mortgage Advice Bureau logo with Financial Services background
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Mortgage Advice Bureau (Holdings) plc (LON:MAB1 - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 735.74 ($9.54) and traded as high as GBX 756 ($9.80). Mortgage Advice Bureau shares last traded at GBX 754 ($9.78), with a volume of 40,198 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank began coverage on Mortgage Advice Bureau in a report on Monday, February 24th. They issued a "buy" rating and a GBX 1,150 ($14.91) target price for the company.

Check Out Our Latest Stock Analysis on Mortgage Advice Bureau

Mortgage Advice Bureau Stock Performance

The firm has a market cap of £436.99 million, a price-to-earnings ratio of 40.20, a P/E/G ratio of 0.81 and a beta of 1.14. The business has a 50 day simple moving average of GBX 735.74 and a 200-day simple moving average of GBX 697.05.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach purchased 300 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of GBX 730 ($9.47) per share, for a total transaction of £2,190 ($2,840.10). Over the last 90 days, insiders purchased 971 shares of company stock worth $678,970. 20.02% of the stock is owned by corporate insiders.

About Mortgage Advice Bureau

(Get Free Report)

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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