CAB Payments (LON:CABP) Stock Price Down 3.1% – Here’s Why

CAB Payments Holdings Limited (LON:CABP) was down 3.1% on Wednesday. The stock traded as low as GBX 82 and last traded at GBX 82. Approximately 40,846 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 293,730 shares. The stock had previously closed at GBX 84.60.

Analysts Set New Price Targets

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

CAB Payments Stock Performance

The firm has a market capitalization of £210.20 million, a price-to-earnings ratio of 10.62 and a beta of 1.50. The business’s 50-day moving average is GBX 82.16 and its two-hundred day moving average is GBX 81.26.

CAB Payments (LON:CABP) last issued its quarterly earnings data on Thursday, August 6th. The company reported GBX 5.40 earnings per share (EPS) for the quarter. CAB Payments had a net margin of 15.12% and a return on equity of 18.73%. Analysts forecast that CAB Payments Holdings Limited will post 14.56 EPS for the current year.

CAB Payments Company Profile

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.