CAB Payments (LON:CABP) Sets New 1-Year Low – Time to Sell?

Shares of CAB Payments Holdings Limited (LON:CABP) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 51.70 ($0.64) and last traded at GBX 53.20 ($0.66), with a volume of 1261483 shares changing hands. The stock had previously closed at GBX 56.70 ($0.71).

Analyst Ratings Changes

CABP has been the topic of several recent research reports. Shore Capital reiterated 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 set a GBX 105 ($1.31) target price on shares of CAB Payments in a research report on Thursday, January 16th.

CAB Payments Trading Down 6.2 %

The stock has a market capitalization of £135.05 million and a P/E ratio of 665.00. The firm’s fifty day moving average is GBX 65.08 and its 200-day moving average is GBX 87.90.

Insider Buying and Selling

In other news, insider Susanne Chishti bought 96,866 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of GBX 72 ($0.90) per share, for a total transaction of £69,743.52 ($86,842.88). 64.28% of the stock is owned by corporate 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.