CAB Payments (LON:CABP) Trading Up 18.9% - Time to Buy?

CAB Payments Holdings Limited (LON:CABP - Get Free Report) was up 18.9% during trading on Tuesday . The stock traded as high as GBX 55 ($0.75) and last traded at GBX 54.70 ($0.75). Approximately 2,140,292 shares traded hands during trading, an increase of 332% from the average daily volume of 495,760 shares. The stock had previously closed at GBX 46 ($0.63).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CABP. Shore Capital restated a "house stock" rating on shares of CAB Payments in a research note on Wednesday, June 4th. Canaccord Genuity Group decreased their price objective on shares of CAB Payments from GBX 105 ($1.43) to GBX 99 ($1.35) 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 capitalization of £127.27 million and a price-to-earnings ratio of 6.56. The company's 50-day simple moving average is GBX 44.66 and its 200-day simple moving average is GBX 51.57.

Insider Buying and Selling at CAB Payments

In other news, insider Susanne Chishti purchased 57,890 shares of CAB Payments stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average cost of GBX 41 ($0.56) per share, for a total transaction of £23,734.90 ($32,402.59). Company insiders own 64.28% 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.