CAB Payments (LON:CABP) Trading Down 0.5% – What’s Next?

CAB Payments Holdings Limited (LON:CABP) was down 0.5% on Monday . The stock traded as low as GBX 62.80 ($0.79) and last traded at GBX 64.50 ($0.81). Approximately 308,346 shares were traded during trading, a decline of 65% from the average daily volume of 875,131 shares. The stock had previously closed at GBX 64.80 ($0.81).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of CAB Payments in a research note on Thursday, November 7th.

CAB Payments Price Performance

The stock’s fifty day simple moving average is GBX 81.96 and its 200-day simple moving average is GBX 101.60. The company has a market capitalization of £163.74 million and a P/E ratio of 806.25.

Insider Buying and Selling at CAB Payments

In other CAB Payments news, insider Ann Cairns acquired 400,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 73 ($0.92) per share, for a total transaction of £292,000 ($366,373.90). Also, insider Susanne Chishti bought 96,866 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of GBX 72 ($0.90) per share, for a total transaction of £69,743.52 ($87,507.55). Insiders own 64.28% of the company’s stock.

About CAB Payments

CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally. The company offers EMpower FX, an end-to-end automated payments gateway for cross-border payments; EMpower Payments, a digital platform for day-to-day exposures in FX; EMpower Connect, a bank oriented service for making hard currency payments; and EMpower Pensions, a pension payment full service platform.