CAB Payments (LON:CABP) Hits New 1-Year High – Time to Buy?

CAB Payments Holdings Limited (LON:CABP)’s share price hit 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 traded. The stock had previously closed at GBX 84.

CAB Payments Stock Up 0.6%

The firm has a market capitalization of £213.75 million and a P/E ratio of 29.03. The business’s 50 day moving average is GBX 71.77 and its 200-day moving average is GBX 59.18.

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.