Mortgage Advice Bureau (LON:MAB1) Shares Cross Above 50-Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 692.87 ($8.72) and traded as high as GBX 860 ($10.82). Mortgage Advice Bureau shares last traded at GBX 854 ($10.75), with a volume of 882,294 shares trading hands.

Mortgage Advice Bureau Stock Down 1.2 %

The firm has a market capitalization of £479.88 million, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. The firm’s 50-day simple moving average is GBX 699.83 and its 200-day simple moving average is GBX 705.02.

Insider Transactions at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach acquired 331 shares of the stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of GBX 642 ($8.08) per share, for a total transaction of £2,125.02 ($2,673.99). Over the last quarter, insiders have purchased 1,022 shares of company stock worth $674,090. Company insiders own 20.02% of the company’s stock.

About Mortgage Advice Bureau

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.