CAB Payments (LON:CABP) Shares Up 6.5% - Here's Why

CAB Payments Holdings Limited (LON:CABP - Get Free Report) shares traded up 6.5% during trading on Tuesday . The stock traded as high as GBX 68.70 ($0.86) and last traded at GBX 68.70 ($0.86). 203,679 shares changed hands during trading, a decline of 77% from the average session volume of 872,487 shares. The stock had previously closed at GBX 64.50 ($0.81).

Wall Street Analyst Weigh In

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

CAB Payments Trading Up 6.5 %

The company has a market capitalization of £174.40 million and a P/E ratio of 858.75. The business has a 50 day moving average price of GBX 80.68 and a 200 day moving average price of GBX 101.14.

Insiders Place Their Bets

In related news, insider Ann Cairns purchased 400,000 shares of CAB Payments stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 73 ($0.91) per share, for a total transaction of £292,000 ($365,411.09). Also, insider Susanne Chishti acquired 96,866 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of GBX 72 ($0.90) per share, for a total transaction of £69,743.52 ($87,277.59). Corporate 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.