CAB Payments (LON:CABP) Stock Price Down 7% - Here's Why

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price fell 7% during trading on Friday . The stock traded as low as GBX 47.30 ($0.63) and last traded at GBX 47.45 ($0.63). 562,683 shares traded hands during trading, an increase of 21% from the average session volume of 465,729 shares. The stock had previously closed at GBX 51 ($0.68).

Wall Street Analyst Weigh In

CABP has been the topic of a number of analyst reports. Shore Capital reaffirmed a "house stock" rating on shares of CAB Payments in a report on Tuesday, April 15th. Canaccord Genuity Group lowered their target price on shares of CAB Payments from GBX 105 ($1.40) to GBX 99 ($1.32) and set a "speculative buy" rating on the stock in a report on Thursday, March 13th.

CAB Payments Price Performance

The stock has a market cap of £112.21 million and a P/E ratio of 5.78. The company has a 50 day simple moving average of GBX 45.94 and a 200-day simple moving average of GBX 58.85.

CAB Payments (LON:CABP - Get Free Report) last posted 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 net margin of 12.21% and a return on equity of 14.16%. As a group, research analysts expect that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current year.

Insider Buying and Selling at CAB Payments

In related news, insider James Hopkinson purchased 214,000 shares of CAB Payments stock in a transaction dated 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 ($136,595.74). Also, insider Susanne Chishti bought 57,890 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average price of GBX 41 ($0.55) per share, for a total transaction of £23,734.90 ($31,562.37). 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.