CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price shot up 18.9% on Tuesday . The stock traded as high as GBX 55 ($0.76) and last traded at GBX 54.70 ($0.75). 2,140,292 shares were traded during mid-day trading, an increase of 332% from the average session volume of 495,760 shares. The stock had previously closed at GBX 46 ($0.63).
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on CABP shares. Shore Capital reaffirmed a "house stock" rating on shares of CAB Payments in a research note on Wednesday, June 4th. Canaccord Genuity Group dropped their price objective on CAB Payments from GBX 105 ($1.44) to GBX 99 ($1.36) and set a "speculative buy" rating on the stock in a research note on Thursday, March 13th.
Get Our Latest Analysis on CABP
CAB Payments Price Performance
The stock has a market capitalization of £138.96 million and a PE ratio of 7.16. The firm's 50 day simple moving average is GBX 44.10 and its 200 day simple moving average is GBX 51.67.
Insider Buying and Selling at CAB Payments
In related news, insider Susanne Chishti purchased 57,890 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average cost of GBX 41 ($0.56) per share, with a total value of £23,734.90 ($32,625.29). Company insiders own 64.28% of the company's stock.
About CAB Payments
(
Get Free Report)
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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