CAB Payments (LON:CABP) Hits New 52-Week Low – Here’s Why

Shares of CAB Payments Holdings Limited (LON:CABP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 60.30 ($0.75) and last traded at GBX 61.80 ($0.77), with a volume of 295698 shares changing hands. The stock had previously closed at GBX 62 ($0.77).

Wall Street Analyst Weigh In

Several research analysts have weighed in on CABP shares. Shore Capital reissued a “buy” rating on shares of CAB Payments in a research report on Thursday, November 7th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 105 ($1.31) price target on shares of CAB Payments in a report on Thursday, January 16th.

CAB Payments Stock Performance

The company’s 50 day moving average price is GBX 67.13 and its 200-day moving average price is GBX 91.76. The company has a market cap of £156.89 million and a PE ratio of 772.50.

Insider Activity

In related news, insider Susanne Chishti acquired 96,866 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of GBX 72 ($0.90) per share, for a total transaction of £69,743.52 ($86,778.05). Also, insider Ann Cairns acquired 400,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average price of GBX 73 ($0.91) per share, with a total value of £292,000 ($363,319.65). Insiders own 64.28% of the company’s stock.

About CAB Payments

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.