CAB Payments (LON:CABP) Sets New 52-Week Low – Here’s Why

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

Analysts Set New Price Targets

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

CAB Payments Stock Performance

The firm has a fifty day moving average price of GBX 54.46 and a 200 day moving average price of GBX 75.07. The company has a market cap of £112.16 million and a price-to-earnings ratio of 5.78.

CAB Payments (LON:CABP) last announced its quarterly 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, analysts expect that CAB Payments Holdings Limited will post 14.556213 EPS for the current fiscal year.

Insider Buying and Selling

In other CAB Payments news, insider James Hopkinson purchased 214,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of GBX 48 ($0.62) per share, for a total transaction of £102,720 ($132,798.97). 64.28% of the stock is currently owned by corporate insiders.

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.