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

CAB Payments Holdings Limited (LON:CABPGet Free Report)’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:CABPGet Free Report) 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

(Get Free Report)

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.

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