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

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CABP. Shore Capital reaffirmed a “house stock” rating on shares of CAB Payments in a report on Tuesday, April 15th. Canaccord Genuity Group lowered their target price on shares of CAB Payments from GBX 105 ($1.40) to GBX 99 ($1.32) and set a “speculative buy” rating on the stock in a report on Thursday, March 13th.

CAB Payments Stock Up 2.2%

The stock has a market cap of £123.21 million and a PE ratio of 6.35. The business’s fifty day moving average is GBX 46.05 and its 200 day moving average is GBX 60.11.

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

Insider Buying and Selling at CAB Payments

In other CAB Payments news, insider James Hopkinson purchased 214,000 shares of CAB Payments stock in a transaction on Thursday, March 13th. The shares were bought at an average price of GBX 48 ($0.64) per share, with a total value of £102,720 ($136,704.82). Also, insider Susanne Chishti purchased 57,890 shares of CAB Payments stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost of GBX 41 ($0.55) per share, for a total transaction of £23,734.90 ($31,587.57). 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.