CAB Payments (LON:CABP) Stock Price Down 0.3% - Here's Why

Shares of CAB Payments Holdings Limited (LON:CABP - Get Free Report) were down 0.3% during trading on Friday . The company traded as low as GBX 69.33 ($0.88) and last traded at GBX 69.60 ($0.89). Approximately 270,166 shares were traded during trading, a decline of 70% from the average daily volume of 891,895 shares. The stock had previously closed at GBX 69.80 ($0.89).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "buy" rating on shares of CAB Payments in a report on Thursday, November 7th.

CAB Payments Stock Performance

The firm has a fifty day simple moving average of GBX 96.24 and a 200 day simple moving average of GBX 111.14. The company has a market cap of £176.69 million and a PE ratio of 870.00.

Insider Transactions at CAB Payments

In related news, insider Susanne Chishti acquired 96,866 shares of CAB Payments stock in a transaction on Friday, November 15th. The shares were bought at an average price of GBX 72 ($0.92) per share, for a total transaction of £69,743.52 ($88,913.21). Also, insider Ann Cairns purchased 400,000 shares of CAB Payments stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of GBX 73 ($0.93) per share, for a total transaction of £292,000 ($372,259.05). Company insiders own 64.28% of the company's stock.

About CAB Payments

CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally. The company offers EMpower FX, an end-to-end automated payments gateway for cross-border payments; EMpower Payments, a digital platform for day-to-day exposures in FX; EMpower Connect, a bank oriented service for making hard currency payments; and EMpower Pensions, a pension payment full service platform.