CAB Payments (LON:CABP) Releases Earnings Results

CAB Payments (LON:CABP) issued its quarterly earnings data on Friday. The company reported GBX 6 ($0.08) EPS for the quarter, Digital Look Earnings reports. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%.

CAB Payments Trading Up 5.0 %

Shares of CAB Payments stock opened at GBX 48.90 ($0.63) on Friday. The company’s fifty day simple moving average is GBX 58.60 and its two-hundred day simple moving average is GBX 80.45. CAB Payments has a 12-month low of GBX 45.17 ($0.58) and a 12-month high of GBX 166.20 ($2.15). The company has a market cap of £124.23 million and a P/E ratio of 6.40.

Insider Activity

In other news, insider James Hopkinson acquired 214,000 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). Insiders own 64.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target on CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating for the company in a research report on Thursday.

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.