CAB Payments (LON:CABP) Hits New 1-Year Low – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 44.05 ($0.57) and last traded at GBX 44.30 ($0.57), with a volume of 376538 shares. The stock had previously closed at GBX 47.75 ($0.62).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on shares of CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating on the stock in a report on Thursday, March 13th.

CAB Payments Stock Down 0.7 %

The stock has a market capitalization of £112.16 million and a P/E ratio of 5.78. The firm has a 50 day simple moving average of GBX 54.46 and a two-hundred day simple moving average of GBX 75.07.

CAB Payments (LON:CABP) last posted its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) EPS for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. On average, research analysts predict that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider James Hopkinson purchased 214,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,798.97). Insiders own 64.28% of the company’s stock.

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.