CAB Payments (LON:CABP) Stock Price Down 10.5% - Here's What Happened

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price fell 10.5% on Monday . The stock traded as low as GBX 56.20 ($0.71) and last traded at GBX 56.50 ($0.71). 1,177,068 shares traded hands during trading, an increase of 85% from the average session volume of 636,309 shares. The stock had previously closed at GBX 63.10 ($0.79).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CABP. Shore Capital reiterated 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 set a GBX 105 ($1.32) target price on shares of CAB Payments in a research report on Thursday, January 16th.

CAB Payments Price Performance

The stock has a market cap 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 200 day moving average of GBX 87.21.

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.