CAB Payments (LON:CABP) Posts Earnings Results

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

CAB Payments Stock Performance

LON CABP traded up GBX 1.20 ($0.02) during trading hours on Tuesday, hitting GBX 49.80 ($0.65). 983,436 shares of the company traded hands, compared to its average volume of 608,324. The business's 50-day moving average is GBX 58.20 and its 200-day moving average is GBX 79.52. CAB Payments has a twelve month low of GBX 45.17 ($0.59) and a twelve month high of GBX 166.20 ($2.16). The stock has a market capitalization of £126.51 million and a price-to-earnings ratio of 6.52.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price objective on CAB Payments from GBX 105 ($1.37) to GBX 99 ($1.29) and set a "speculative buy" rating for the company in a research report on Thursday, March 13th.

Insider Activity at CAB Payments

In other CAB Payments news, insider James Hopkinson acquired 214,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($133,541.34). 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.