CAB Payments (LON:CABP) Sets New 12-Month Low After Analyst Downgrade

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading 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).

Insider Buying and Selling

In related news, insider James Hopkinson bought 214,000 shares of CAB Payments 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 ($132,781.80). 64.28% of the stock is owned by insiders.

CAB Payments Stock Down 0.6 %

The company's fifty day moving average is GBX 58.60 and its 200 day moving average is GBX 79.94. The stock has a market cap of £123.46 million and a PE ratio of 6.36.

CAB Payments (LON:CABP - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts expect that CAB Payments Holdings Limited will post 14.556213 EPS for the current year.

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.