CAB Payments (LON:CABP) Sets New 12-Month Low - Time to Sell?

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 51.70 ($0.65) and last traded at GBX 53.20 ($0.67), with a volume of 1261483 shares. The stock had previously closed at GBX 56.70 ($0.71).

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CABP. Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 105 ($1.32) price target on shares of CAB Payments in a report on Thursday, January 16th. Shore Capital restated a "buy" rating on shares of CAB Payments in a report on Thursday, November 7th.

CAB Payments Price Performance

The firm has a market capitalization of £140.23 million and a price-to-earnings ratio of 7.23. The stock has a fifty day moving average of GBX 64.14 and a two-hundred day moving average of GBX 87.22.

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.