CAB Payments (LON:CABP) Reaches New 12-Month Low – What’s Next?

CAB Payments Holdings Limited (LON:CABP) reached a new 52-week low during 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 traded. The stock had previously closed at GBX 62 ($0.77).

Analyst Ratings Changes

A number of research analysts recently issued reports on CABP shares. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 105 ($1.30) price objective on shares of CAB Payments in a research note on Thursday, January 16th. Shore Capital reaffirmed a “buy” rating on shares of CAB Payments in a report on Thursday, November 7th.

CAB Payments Stock Performance

The company’s fifty day moving average is GBX 66.50 and its two-hundred day moving average is GBX 90.65. The company has a market cap of £158.15 million and a price-to-earnings ratio of 778.75.

Insider Buying and Selling

In other news, insider Susanne Chishti acquired 96,866 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of GBX 72 ($0.89) per share, with a total value of £69,743.52 ($86,616.39). Also, insider Ann Cairns purchased 400,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of GBX 73 ($0.91) per share, for a total transaction of £292,000 ($362,642.82). 64.28% of the stock is currently owned by corporate 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.