CAB Payments (LON:CABP) Shares Down 10.5% – What’s Next?

CAB Payments Holdings Limited (LON:CABP)’s stock price dropped 10.5% on Monday . The company traded as low as GBX 56.20 ($0.70) and last traded at GBX 56.50 ($0.70). Approximately 1,177,068 shares were traded during mid-day trading, an increase of 85% from the average daily volume of 636,309 shares. The stock had previously closed at GBX 63.10 ($0.79).

Analyst Ratings Changes

Several brokerages recently issued reports on CABP. Shore Capital reissued a “buy” rating on shares of CAB Payments in a report on Thursday, November 7th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 105 ($1.31) target price on shares of CAB Payments in a research note on Thursday, January 16th.

CAB Payments Price Performance

The stock has a market cap of £135.05 million and a P/E ratio of 665.00. The stock’s 50 day simple moving average is GBX 65.08 and its two-hundred day simple moving average is GBX 87.90.

Insider Transactions at CAB Payments

In other CAB Payments news, insider Susanne Chishti acquired 96,866 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of GBX 72 ($0.90) per share, with a total value of £69,743.52 ($86,810.46). 64.28% of the stock is owned by insiders.

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.