CAB Payments (LON:CABP) Reaches New 52-Week Low – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP) shares reached a new 52-week low on Wednesday . The company traded as low as GBX 51.70 ($0.64) and last traded at GBX 53.20 ($0.66), with a volume of 1261483 shares. The stock had previously closed at GBX 56.70 ($0.71).

Wall Street Analyst Weigh In

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

CAB Payments Trading Down 6.2 %

The company has a market capitalization of £135.05 million and a price-to-earnings ratio of 665.00. The firm has a 50-day simple moving average of GBX 65.08 and a two-hundred day simple moving average of GBX 87.90.

Insider Buying and Selling

In related news, insider Susanne Chishti bought 96,866 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of GBX 72 ($0.90) per share, for a total transaction of £69,743.52 ($86,842.88). 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.