CAB Payments (LON:CABP) Issues Quarterly Earnings Results

CAB Payments (LON:CABP) announced its earnings results on Friday. The company reported GBX 6 ($0.08) earnings per share for the quarter, Digital Look Earnings reports. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%.

CAB Payments Trading Up 5.0 %

CABP opened at GBX 48.90 ($0.63) on Friday. The company has a market cap of £124.23 million and a price-to-earnings ratio of 6.40. The stock has a fifty day simple moving average of GBX 58.60 and a two-hundred day simple moving average of GBX 80.18. CAB Payments has a 12-month low of GBX 45.17 ($0.58) and a 12-month high of GBX 166.20 ($2.15).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on shares of CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating for the company in a report on Thursday.

Insider Activity

In related news, insider James Hopkinson purchased 214,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). Company insiders own 64.28% of the company’s stock.

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.