CAB Payments (LON:CABP) Reaches New 1-Year Low – Here’s Why

CAB Payments Holdings Limited (LON:CABP)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 61.50 ($0.77) and last traded at GBX 62.50 ($0.78), with a volume of 783371 shares changing hands. The stock had previously closed at GBX 67 ($0.84).

Wall Street Analysts Forecast Growth

CABP has been the topic of a number of research analyst reports. Shore Capital reissued a “buy” rating on shares of CAB Payments in a report on Thursday, November 7th. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 105 ($1.31) price target on shares of CAB Payments in a research note on Thursday, January 16th.

CAB Payments Stock Down 1.3 %

The company has a market cap of £158.66 million and a P/E ratio of 781.25. The business has a 50-day moving average price of GBX 67.54 and a two-hundred day moving average price of GBX 93.

Insiders Place Their Bets

In other news, insider Susanne Chishti purchased 96,866 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of GBX 72 ($0.90) per share, for a total transaction of £69,743.52 ($87,081.43). Also, insider Ann Cairns acquired 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of GBX 73 ($0.91) per share, with a total value of £292,000 ($364,589.84). Company 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.