Mortgage Advice Bureau (LON:MAB1) Sets New 52-Week Low – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 326 and last traded at GBX 327, with a volume of 380087 shares changing hands. The stock had previously closed at GBX 338.50.

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mortgage Advice Bureau currently has an average rating of “Buy” and a consensus price target of GBX 975.

Mortgage Advice Bureau Trading Up 0.6%

The business has a fifty day simple moving average of GBX 447.85 and a 200 day simple moving average of GBX 506.02. The company has a debt-to-equity ratio of 43.59, a quick ratio of 2.21 and a current ratio of 0.60. The stock has a market capitalization of £194.51 million, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03.

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

Insiders Place Their Bets

In other news, insider Nathan James McLean Imlach acquired 366 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of GBX 523 per share, with a total value of £1,914.18. Insiders own 24.49% of the company’s stock.

Mortgage Advice Bureau Company Profile

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.