CAB Payments (LON:CABP) Sets New 12-Month Low – Should You Sell?

Shares of CAB Payments Holdings Limited (LON:CABP) reached a new 52-week low during trading on Monday . The company traded as low as GBX 44.05 ($0.57) and last traded at GBX 44.30 ($0.57), with a volume of 376538 shares. The stock had previously closed at GBX 47.75 ($0.62).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating on the stock in a report on Thursday, March 13th.

CAB Payments Price Performance

The company has a 50 day simple moving average of GBX 55.33 and a 200-day simple moving average of GBX 75.84. The firm has a market cap of £112.54 million and a PE ratio of 5.80.

CAB Payments (LON:CABP) last released its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) EPS for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. On average, sell-side analysts predict that CAB Payments Holdings Limited will post 14.556213 EPS for the current fiscal year.

Insider Buying and Selling at CAB Payments

In other CAB Payments news, insider James Hopkinson purchased 214,000 shares of CAB Payments stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of GBX 48 ($0.62) per share, for a total transaction of £102,720 ($132,816.14). Corporate 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.