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

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 61.18 ($0.75) and last traded at GBX 65 ($0.80), with a volume of 1804518 shares changing hands. The stock had previously closed at GBX 66.60 ($0.82).

Analysts Set New Price Targets

CABP has been the subject of several research reports. Shore Capital reaffirmed a "buy" rating on shares of CAB Payments in a research report on Thursday, November 7th. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 105 ($1.29) price target on shares of CAB Payments in a research note on Thursday.

CAB Payments Stock Down 2.4 %

The stock has a market cap of £165.01 million and a PE ratio of 812.50. The stock has a 50-day moving average of GBX 68.60 and a 200 day moving average of GBX 95.66.

Insider Transactions at CAB Payments

In other CAB Payments news, insider Ann Cairns acquired 400,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of GBX 73 ($0.89) per share, for a total transaction of £292,000 ($357,405.14). Also, insider Susanne Chishti acquired 96,866 shares of the firm's stock in a transaction on Friday, November 15th. The shares were bought at an average cost of GBX 72 ($0.88) per share, for a total transaction of £69,743.52 ($85,365.39). Company insiders own 64.28% of the company's stock.

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.

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