CAB Payments (LON:CABP) Trading Up 12.1% – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP) shares rose 12.1% on Monday . The stock traded as high as GBX 88.80 and last traded at GBX 87.77. Approximately 6,647,656 shares changed hands during mid-day trading, an increase of 924% from the average daily volume of 649,138 shares. The stock had previously closed at GBX 78.30.

CAB Payments Stock Up 2.2%

The stock has a fifty day moving average of GBX 77.23 and a two-hundred day moving average of GBX 62.01. The stock has a market cap of £240.41 million, a price-to-earnings ratio of 32.66 and a beta of 2.33.

CAB Payments (LON:CABP) last announced its quarterly earnings results on Thursday, March 5th. The company reported GBX 5.40 EPS for the quarter. CAB Payments had a return on equity of 8.74% and a net margin of 9.04%. Equities research analysts anticipate 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.