CAB Payments (LON:CABP) Trading 1% Higher - Still a Buy?

Key Points

• CAB Payments Holdings Limited saw its stock price increase by 1% to GBX 49 ($0.66) during mid-day trading, although trading volume declined by 30% from its average.
• Shore Capital has reissued a "house stock" rating on CAB Payments, indicating sustained confidence in the company's prospects.
• The company specializes in business-to-business cross-border payments and has a market capitalization of £123.72 million with a price-to-earnings ratio of 6.38.

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price rose 1% on Thursday . The stock traded as high as GBX 51 ($0.69) and last traded at GBX 49 ($0.66). Approximately 341,744 shares were traded during trading, a decline of 30% from the average daily volume of 484,913 shares. The stock had previously closed at GBX 48.50 ($0.65).

Analyst Ratings Changes

Separately, Shore Capital reissued a "house stock" rating on shares of CAB Payments in a report on Wednesday, June 4th.

CAB Payments Stock Down 1.6%

The firm has a 50 day moving average of GBX 45.23 and a 200 day moving average of GBX 49.51. The firm has a market cap of £121.69 million and a price-to-earnings ratio of 6.27.

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.