CAB Payments (LON:CABP) Reaches New 1-Year High – Here’s What Happened

Shares of CAB Payments Holdings Limited (LON:CABPGet Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 85.80 and last traded at GBX 83.70, with a volume of 307124 shares. The stock had previously closed at GBX 84.

CAB Payments Stock Performance

The stock has a market capitalization of £212.48 million and a price-to-earnings ratio of 28.86. The business’s 50 day simple moving average is GBX 70.80 and its 200-day simple moving average is GBX 58.74.

CAB Payments Company Profile

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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.

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