CAB Payments (LON:CABP) Reaches New 52-Week Low on Analyst Downgrade

CAB Payments Holdings Limited (LON:CABP)’s stock price hit a new 52-week low on Thursday after Canaccord Genuity Group lowered their price target on the stock from GBX 105 to GBX 99. Canaccord Genuity Group currently has a speculative buy rating on the stock. CAB Payments traded as low as GBX 45.17 ($0.58) and last traded at GBX 45.80 ($0.59), with a volume of 2129329 shares traded. The stock had previously closed at GBX 53.60 ($0.69).

Insider Buying and Selling at CAB Payments

In other news, insider James Hopkinson acquired 214,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). 64.28% of the stock is owned by company insiders.

CAB Payments Price Performance

The firm has a fifty day moving average of GBX 58.60 and a two-hundred day moving average of GBX 80.45. The stock has a market capitalization of £124.23 million and a P/E ratio of 6.40.

CAB Payments (LON:CABP) last posted its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) earnings per share for the quarter. CAB Payments had a return on equity of 14.16% and a net margin of 12.21%. As a group, sell-side analysts forecast that CAB Payments Holdings Limited will post 14.556213 EPS for the current fiscal year.

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.