CAB Payments (LON:CABP) Sets New 12-Month Low – Here’s Why

Shares of CAB Payments Holdings Limited (LON:CABP) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 61.18 ($0.74) and last traded at GBX 65 ($0.79), with a volume of 1804518 shares trading hands. The stock had previously closed at GBX 66.60 ($0.81).

Analyst Ratings Changes

CABP has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 105 ($1.28) price target on shares of CAB Payments in a research report on Thursday. Shore Capital reaffirmed a “buy” rating on shares of CAB Payments in a report on Thursday, November 7th.

CAB Payments Price Performance

The business’s 50-day simple moving average is GBX 68.12 and its two-hundred day simple moving average is GBX 95.23. The stock has a market cap of £165.01 million and a price-to-earnings ratio of 812.50.

Insider Activity at CAB Payments

In other CAB Payments news, insider Ann Cairns bought 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of GBX 73 ($0.89) per share, for a total transaction of £292,000 ($355,274.36). Also, insider Susanne Chishti purchased 96,866 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of GBX 72 ($0.88) per share, with a total value of £69,743.52 ($84,856.45). 64.28% of the stock is currently owned by company insiders.

CAB Payments Company Profile

CAB Payments Holdings plc and its subsidiaries (CAB Payments) is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets. CAB Payments uses its strength of network, technology, and expertise to seamlessly move money where it’s needed and is the holding company for Crown Agents Bank, a UK-regulated bank.