CAB Payments (LON:CABP) Shares Up 5%

CAB Payments Holdings Limited (LON:CABP) shares shot up 5% on Thursday . The company traded as high as GBX 107.59 ($1.44) and last traded at GBX 105.20 ($1.41). 321,517 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 857,127 shares. The stock had previously closed at GBX 100.20 ($1.34).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of CAB Payments in a report on Thursday, September 5th.

CAB Payments Stock Up 0.4 %

The company has a market capitalization of £268.08 million and a PE ratio of 1,320.00. The business’s 50 day simple moving average is GBX 102.64 and its 200 day simple moving average is GBX 120.87.

CAB Payments Company Profile

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.