CAB Payments (LON:CABP) Stock Price Down 7% – Should You Sell?

CAB Payments Holdings Limited (LON:CABP)’s share price was down 7% during trading on Friday . The stock traded as low as GBX 47.30 ($0.63) and last traded at GBX 47.45 ($0.63). Approximately 562,683 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 465,729 shares. The stock had previously closed at GBX 51 ($0.68).

Analysts Set New Price Targets

Several equities analysts recently commented on CABP shares. Shore Capital reiterated a “house stock” rating on shares of CAB Payments in a research note on Tuesday, April 15th. Canaccord Genuity Group dropped their price objective on CAB Payments from GBX 105 ($1.39) to GBX 99 ($1.32) and set a “speculative buy” rating on the stock in a research note on Thursday, March 13th.

CAB Payments Price Performance

The stock has a market cap of £119.27 million and a P/E ratio of 6.15. The firm’s fifty day moving average price is GBX 45.94 and its two-hundred day moving average price is GBX 59.21.

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

Insider Activity

In other news, insider Susanne Chishti acquired 57,890 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average cost of GBX 41 ($0.54) per share, with a total value of £23,734.90 ($31,528.83). Also, insider James Hopkinson purchased 214,000 shares of CAB Payments stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of GBX 48 ($0.64) per share, for a total transaction of £102,720 ($136,450.58). Insiders own 64.28% of the company’s stock.

About CAB Payments

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.