CAB Payments (LON:CABP) Stock Price Up 3% – Should You Buy?

Shares of CAB Payments Holdings Limited (LON:CABP) were up 3% during mid-day trading on Friday . The company traded as high as GBX 84.50 and last traded at GBX 84.50. Approximately 162,106 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 315,894 shares. The stock had previously closed at GBX 82.

Analyst Upgrades and Downgrades

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

CAB Payments Stock Up 3.0%

The company’s 50-day moving average is GBX 80.37 and its two-hundred day moving average is GBX 81.81. The company has a market capitalization of £214.51 million, a P/E ratio of 10.83 and a beta of 1.50.

CAB Payments (LON:CABP) last announced its earnings results on Thursday, August 6th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. CAB Payments had a net margin of 12.68% and a return on equity of 12.48%. On average, sell-side analysts predict that CAB Payments Holdings Limited will post 14.556213 EPS for the current year.

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.