CAB Payments (LON:CABP) Hits New 52-Week High – Should You Buy?

CAB Payments Holdings Limited (LON:CABP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 94.70 and last traded at GBX 93.37, with a volume of 6719181 shares. The stock had previously closed at GBX 91.80.

CAB Payments Trading Up 1.7%

The firm’s 50-day moving average price is GBX 76.67 and its 200 day moving average price is GBX 61.71. The company has a market capitalization of £237.04 million, a price-to-earnings ratio of 32.20 and a beta of 2.33.

CAB Payments (LON:CABP) last posted its quarterly earnings results on Thursday, March 5th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. CAB Payments had a net margin of 9.04% and a return on equity of 8.74%. As a group, equities research 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.