CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 61.50 ($0.76) and last traded at GBX 62.50 ($0.77), with a volume of 783371 shares trading hands. The stock had previously closed at GBX 67 ($0.83).
A number of equities research analysts recently commented on the company. Shore Capital restated a "buy" rating on shares of CAB Payments in a research report on Thursday, November 7th. Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 105 ($1.29) price objective on shares of CAB Payments in a report on Thursday, January 16th.
Read Our Latest Stock Analysis on CAB Payments
The firm's fifty day simple moving average is GBX 67.90 and its 200 day simple moving average is GBX 93.70. The stock has a market capitalization of £158.66 million and a price-to-earnings ratio of 781.25.
In other news, insider Ann Cairns acquired 400,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 73 ($0.90) per share, with a total value of £292,000 ($360,004.93). Also, insider Susanne Chishti acquired 96,866 shares of the business's stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of GBX 72 ($0.89) per share, with a total value of £69,743.52 ($85,986.34). 64.28% of the stock is currently owned by company insiders.
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.
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