CAB Payments (LON:CABP) Reaches New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

CAB Payments Stock Performance

The company has a 50-day moving average of GBX 66.50 and a 200-day moving average of GBX 90.65. The stock has a market capitalization of £158.15 million and a price-to-earnings ratio of 778.75.

Insider Buying and Selling

In related news, insider Susanne Chishti purchased 96,866 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought 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 bought 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 company 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.