CAB Payments (LON:CABP) Trading Up 18.9% - Here's What Happened

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s share price was up 18.9% during trading on Tuesday . The stock traded as high as GBX 55 ($0.76) 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 Analyst Weigh In

CABP has been the subject of several recent research reports. Shore Capital reiterated a "house stock" rating on shares of CAB Payments in a research report on Wednesday, June 4th. Canaccord Genuity Group dropped their price objective on shares of 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.

CAB Payments Trading Up 18.9%

The firm has a market cap of £138.96 million and a price-to-earnings ratio of 7.16. The stock's fifty day moving average price is GBX 44.36 and its 200-day moving average price is GBX 51.69.

Insider Transactions at CAB Payments

In other CAB Payments news, insider Susanne Chishti acquired 57,890 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of GBX 41 ($0.56) per share, with a total value of £23,734.90 ($32,616.33). 64.28% of the stock is currently owned by company 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.

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