CAB Payments (LON:CABP) Trading 1.9% Higher – Here’s What Happened

Shares of CAB Payments Holdings Limited (LON:CABP) shot up 1.9% during mid-day trading on Friday . The stock traded as high as GBX 82 and last traded at GBX 81.50. Approximately 38,060 shares changed hands during trading, a decline of 89% from the average daily volume of 333,334 shares. The stock had previously closed at GBX 80.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of CAB Payments in a research note on Thursday, August 6th.

CAB Payments Price Performance

The company has a market cap of £206.90 million, a PE ratio of 15.67 and a beta of 1.50. The company’s 50 day simple moving average is GBX 79.06 and its two-hundred day simple moving average is GBX 81.58.

CAB Payments (LON:CABP) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. CAB Payments had a net margin of 12.68% and a return on equity of 12.48%. Sell-side analysts expect that CAB Payments Holdings Limited will post 14.556213 EPS for the current fiscal year.

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.