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

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CABP. Shore Capital reaffirmed a “buy” rating on shares of CAB Payments in a research report on Thursday, November 7th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 105 ($1.28) price target on shares of CAB Payments in a research note on Thursday.

CAB Payments Price Performance

The firm has a fifty day simple moving average of GBX 68.12 and a 200-day simple moving average of GBX 95.23. The firm has a market cap of £165.01 million and a P/E ratio of 812.50.

Insider Buying and Selling

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

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.