CAB Payments (LON:CABP) Stock Price Up 7% – Should You Buy?

CAB Payments Holdings Limited (LON:CABPGet Free Report)’s stock price was up 7% during trading on Thursday . The stock traded as high as GBX 132.80 ($1.74) and last traded at GBX 123 ($1.61). Approximately 2,944,551 shares traded hands during trading, an increase of 241% from the average daily volume of 864,365 shares. The stock had previously closed at GBX 115 ($1.51).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of CAB Payments in a report on Thursday, September 5th.

Read Our Latest Research Report on CABP

CAB Payments Stock Down 1.6 %

The firm has a market cap of £307.17 million and a price-to-earnings ratio of 1,512.50. The company has a 50-day moving average price of GBX 105.88 and a 200 day moving average price of GBX 121.11.

About CAB Payments

(Get Free Report)

CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally. The company offers EMpower FX, an end-to-end automated payments gateway for cross-border payments; EMpower Payments, a digital platform for day-to-day exposures in FX; EMpower Connect, a bank oriented service for making hard currency payments; and EMpower Pensions, a pension payment full service platform.

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