CAB Payments (LON:CABP) Hits New 1-Year Low - What's Next?

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 51.10 ($0.65) and last traded at GBX 51.20 ($0.65), with a volume of 459774 shares changing hands. The stock had previously closed at GBX 52.60 ($0.67).

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Shore Capital restated a "buy" rating on shares of CAB Payments in a research note on Thursday, November 7th. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 105 ($1.33) price objective on shares of CAB Payments in a research report on Thursday, January 16th.

CAB Payments Stock Down 3.6 %

The firm has a market capitalization of £134.13 million and a price-to-earnings ratio of 6.92. The company has a 50-day moving average price of GBX 61.10 and a 200-day moving average price of GBX 83.75.

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.