CAB Payments (LON:CABP) Shares Up 1.9% – Should You Buy?

CAB Payments Holdings Limited (LON:CABP)’s share price was up 1.9% during mid-day trading on Friday . The company traded as high as GBX 82 and last traded at GBX 81.50. Approximately 38,060 shares were traded during trading, a decline of 89% from the average session volume of 333,334 shares. The stock had previously closed at GBX 80.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating on shares of CAB Payments in a research note on Thursday, August 6th.

CAB Payments Stock Performance

The firm’s 50 day simple moving average is GBX 79.06 and its 200-day simple moving average is GBX 81.58. The company has a market capitalization of £206.90 million, a price-to-earnings ratio of 15.67 and a beta of 1.50.

CAB Payments (LON:CABP) last issued its earnings results on Thursday, August 6th. The company reported GBX 5.40 EPS for the quarter. CAB Payments had a return on equity of 12.48% and a net margin of 12.68%. As a group, equities analysts anticipate that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current fiscal year.

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.