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

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 60.30 ($0.75) and last traded at GBX 61.80 ($0.77), with a volume of 295698 shares traded. The stock had previously closed at GBX 62 ($0.77).

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Shore Capital restated a "buy" rating on shares of CAB Payments in a research report on Thursday, November 7th. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 105 ($1.30) target price on shares of CAB Payments in a report on Thursday, January 16th.

CAB Payments Stock Down 2.1 %

The stock's 50-day moving average price is GBX 66.32 and its 200 day moving average price is GBX 90.24. The company has a market cap of £154.85 million and a P/E ratio of 762.50.

Insider Activity at CAB Payments

In other CAB Payments news, insider Susanne Chishti acquired 96,866 shares of CAB Payments stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of GBX 72 ($0.89) per share, with a total value of £69,743.52 ($86,476.78). Also, insider Ann Cairns bought 400,000 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of GBX 73 ($0.91) per share, for a total transaction of £292,000 ($362,058.28). 64.28% of the stock is currently owned by company insiders.

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.