CAB Payments (LON:CABP) Hits New 52-Week Low - Should You Sell?

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 59.50 ($0.74) and last traded at GBX 63.80 ($0.79), with a volume of 665133 shares changing hands. The stock had previously closed at GBX 62 ($0.77).

Wall Street Analyst Weigh In

CABP has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 105 ($1.30) target price on shares of CAB Payments in a research report on Thursday, January 16th. Shore Capital reiterated a "buy" rating on shares of CAB Payments in a research report on Thursday, November 7th.

CAB Payments Stock Up 1.1 %

The firm has a market cap of £160.19 million and a PE ratio of 788.75. The business has a 50 day simple moving average of GBX 65.59 and a two-hundred day simple moving average of GBX 88.56.

Insider Activity at CAB Payments

In other CAB Payments news, insider Susanne Chishti bought 96,866 shares of the company's stock in a transaction on Friday, November 15th. The shares were bought at an average cost of GBX 72 ($0.89) per share, for a total transaction of £69,743.52 ($86,508.96). Also, insider Ann Cairns acquired 400,000 shares of CAB Payments stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of GBX 73 ($0.91) per share, with a total value of £292,000 ($362,193.00). 64.28% of the stock is currently owned by company insiders.

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.