CAB Payments (LON:CABP) Stock Price Down 0.4% – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP) shares fell 0.4% during mid-day trading on Wednesday . The company traded as low as GBX 41.20 ($0.56) and last traded at GBX 41.35 ($0.56). 284,819 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 475,181 shares. The stock had previously closed at GBX 41.50 ($0.57).

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CABP. Shore Capital reiterated a “house stock” rating on shares of CAB Payments in a research note on Wednesday, June 4th. Canaccord Genuity Group cut their price target on CAB Payments from GBX 105 ($1.43) to GBX 99 ($1.35) and set a “speculative buy” rating for the company in a report on Thursday, March 13th.

CAB Payments Trading Down 0.4%

The company has a market cap of £105.05 million and a price-to-earnings ratio of 5.42. The business’s 50 day moving average price is GBX 44.05 and its 200-day moving average price is GBX 52.33.

Insider Buying and Selling at CAB Payments

In other news, insider Susanne Chishti acquired 57,890 shares of the stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of GBX 41 ($0.56) per share, for a total transaction of £23,734.90 ($32,429.16). Insiders own 64.28% of the company’s stock.

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.