CAB Payments (LON:CABP) Shares Down 7% – Should You Sell?

CAB Payments Holdings Limited (LON:CABP)’s stock price was down 7% on Friday . The company traded as low as GBX 47.30 ($0.63) and last traded at GBX 47.45 ($0.63). Approximately 562,683 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 465,729 shares. The stock had previously closed at GBX 51 ($0.68).

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Canaccord Genuity Group dropped their price target on shares of CAB Payments from GBX 105 ($1.40) to GBX 99 ($1.32) and set a “speculative buy” rating for the company in a research report on Thursday, March 13th. Shore Capital restated a “house stock” rating on shares of CAB Payments in a research note on Tuesday, April 15th.

CAB Payments Stock Performance

The stock’s fifty day moving average is GBX 46.05 and its two-hundred day moving average is GBX 60.11. The firm has a market cap of £123.21 million and a price-to-earnings ratio of 6.35.

CAB Payments (LON:CABP) last released its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) EPS for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. Sell-side analysts predict that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current year.

Insider Buying and Selling

In other CAB Payments news, insider James Hopkinson bought 214,000 shares of CAB Payments stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of GBX 48 ($0.64) per share, for a total transaction of £102,720 ($136,704.82). Also, insider Susanne Chishti bought 57,890 shares of CAB Payments stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average price of GBX 41 ($0.55) per share, with a total value of £23,734.90 ($31,587.57). 64.28% of the stock is currently owned by corporate insiders.

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.