CAB Payments (LON:CABP) Stock Price Up 9.1% - Should You Buy?

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price was up 9.1% on Wednesday . The company traded as high as GBX 48 ($0.65) and last traded at GBX 44.99 ($0.61). Approximately 1,027,609 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 464,014 shares. The stock had previously closed at GBX 41.25 ($0.56).

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of CAB Payments from GBX 105 ($1.42) to GBX 99 ($1.34) and set a "speculative buy" rating for the company in a report on Thursday, March 13th. Shore Capital reissued a "house stock" rating on shares of CAB Payments in a research report on Wednesday.

CAB Payments Stock Down 7.5%

The company has a market capitalization of £103.39 million and a P/E ratio of 5.33. The firm has a fifty day simple moving average of GBX 44.31 and a 200-day simple moving average of GBX 55.37.

CAB Payments (LON:CABP - Get Free Report) last announced its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) EPS for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. On average, sell-side analysts predict that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current fiscal year.

Insider Activity at CAB Payments

In related news, insider Susanne Chishti acquired 57,890 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average cost of GBX 41 ($0.56) per share, with a total value of £23,734.90 ($32,165.47). Also, insider James Hopkinson bought 214,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 48 ($0.65) per share, with a total value of £102,720 ($139,205.85). 64.28% of the stock is currently owned by 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.