CAB Payments (LON:CABP) Trading Down 3.1% – Should You Sell?

CAB Payments Holdings Limited (LON:CABP)’s stock price dropped 3.1% on Monday . The stock traded as low as GBX 60.10 and last traded at GBX 60.10. Approximately 23,908 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 398,526 shares. The stock had previously closed at GBX 62.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of CAB Payments in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 99.

CAB Payments Trading Down 3.1%

The company has a market capitalization of £152.57 million and a PE ratio of 20.72. The company has a fifty day simple moving average of GBX 54.57 and a 200-day simple moving average of GBX 51.21.

Insider Activity

In other news, insider Kushagra (‘Kush’) Saxena acquired 97,861 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of GBX 51 per share, with a total value of £49,909.11. Corporate insiders own 1.17% of the company’s stock.

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.