CAB Payments (LON:CABP) Stock Price 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

A number of analysts recently weighed in on CABP shares. Shore Capital restated a “house stock” rating on shares of CAB Payments in a research report on Tuesday, April 15th. Canaccord Genuity Group decreased their price target on CAB Payments from GBX 105 ($1.39) to GBX 99 ($1.32) and set a “speculative buy” rating on the stock in a research note on Thursday, March 13th.

CAB Payments Trading Down 1.1%

The stock has a 50 day simple moving average of GBX 45.94 and a 200 day simple moving average of GBX 59.21. The firm has a market capitalization of £119.27 million and a PE ratio of 6.15.

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

Insider Activity at CAB Payments

In other CAB Payments news, insider James Hopkinson acquired 214,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of GBX 48 ($0.64) per share, with a total value of £102,720 ($136,450.58). Also, insider Susanne Chishti acquired 57,890 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of GBX 41 ($0.54) per share, for a total transaction of £23,734.90 ($31,528.83). 64.28% of the stock is currently owned by company 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.