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

CAB Payments Holdings Limited (LON:CABP) shares reached 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. The stock had previously closed at GBX 53.60 ($0.69).

Insiders Place Their Bets

In other CAB Payments news, insider James Hopkinson acquired 214,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). Corporate insiders own 64.28% of the company’s stock.

CAB Payments Price Performance

The firm’s 50 day moving average price is GBX 58.60 and its 200-day moving average price is GBX 80.45. The firm has a market cap of £124.23 million and a price-to-earnings ratio of 6.40.

CAB Payments (LON:CABP) last issued its 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%. Analysts expect that CAB Payments Holdings Limited will post 14.556213 EPS for the current 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.