Mortgage Advice Bureau (LON:MAB1) Hits New 52-Week Low – Should You Sell?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares hit a new 52-week low on Monday . The stock traded as low as GBX 362 and last traded at GBX 365, with a volume of 703602 shares. The stock had previously closed at GBX 380.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on Mortgage Advice Bureau from GBX 1,150 to GBX 975 and set a “buy” rating for the company in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 975.

Mortgage Advice Bureau Trading Down 3.9%

The company has a current ratio of 0.71, a quick ratio of 2.21 and a debt-to-equity ratio of 24.62. The business has a 50 day moving average of GBX 515.12 and a 200-day moving average of GBX 537.53. The stock has a market cap of £210.29 million, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03.

Insider Buying and Selling

In other news, insider Nathan James McLean Imlach purchased 366 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of GBX 523 per share, with a total value of £1,914.18. In the last three months, insiders bought 763 shares of company stock worth $398,138. Company insiders own 24.49% of the company’s stock.

About Mortgage Advice Bureau

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.