CAB Payments (LON:CABP) Posts Earnings Results

CAB Payments (LON:CABP) issued its quarterly earnings results on Friday. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter, Digital Look Earnings reports. CAB Payments had a return on equity of 14.16% and a net margin of 12.21%.

CAB Payments Trading Up 5.0 %

CABP opened at GBX 48.90 ($0.63) on Friday. The company has a market cap of £124.23 million and a P/E ratio of 6.40. CAB Payments has a 12 month low of GBX 45.17 ($0.58) and a 12 month high of GBX 166.20 ($2.15). The business’s 50-day moving average price is GBX 58.60 and its 200-day moving average price is GBX 80.18.

Analysts Set New Price Targets

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 research note on Thursday.

Insider Buying and Selling

In other news, insider James Hopkinson acquired 214,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). 64.28% of the stock is owned by corporate 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.