Mortgage Advice Bureau (LON:MAB1) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 763.72 ($9.64) and traded as low as GBX 638 ($8.05). Mortgage Advice Bureau shares last traded at GBX 640 ($8.08), with a volume of 24,359 shares traded.

Mortgage Advice Bureau Price Performance

The business’s 50-day moving average price is GBX 687.23 and its 200 day moving average price is GBX 762.92. The company has a market capitalization of £370.94 million, a P/E ratio of 3,368.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 0.62 and a debt-to-equity ratio of 33.82.

Mortgage Advice Bureau Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd were issued a GBX 13.40 ($0.17) dividend. This represents a yield of 2.46%. The ex-dividend date of this dividend was Thursday, October 3rd. Mortgage Advice Bureau’s payout ratio is 14,736.84%.

Insider Transactions at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach bought 343 shares of the company’s stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of GBX 620 ($7.83) per share, for a total transaction of £2,126.60 ($2,684.08). Also, insider Ben Thompson purchased 40 shares of the business’s stock in a transaction on Monday, October 14th. The stock was bought at an average cost of GBX 727 ($9.18) per share, with a total value of £290.80 ($367.03). Over the last quarter, insiders have bought 7,600 shares of company stock valued at $4,597,910. 20.02% of the stock is currently owned by company insiders.

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.