Global Blue Group (NYSE:GB) Shares Down 3.3%

Global Blue Group Holding AG (NYSE:GBGet Free Report) dropped 3.3% during mid-day trading on Monday . The company traded as low as $4.90 and last traded at $4.93. Approximately 13,530 shares traded hands during trading, a decline of 53% from the average daily volume of 28,583 shares. The stock had previously closed at $5.10.

Global Blue Group Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 8.36. The stock has a market cap of $966.39 million, a P/E ratio of 72.43 and a beta of 0.42. The business’s 50-day simple moving average is $4.91 and its two-hundred day simple moving average is $4.81.

Global Blue Group (NYSE:GBGet Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $114.26 million for the quarter, compared to the consensus estimate of $112.38 million. Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. During the same quarter in the prior year, the business earned ($0.01) EPS. Sell-side analysts expect that Global Blue Group Holding AG will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Global Blue Group

A number of large investors have recently modified their holdings of the company. Scalar Gauge Management LLC bought a new stake in Global Blue Group during the fourth quarter valued at approximately $1,083,000. WCM Investment Management LLC lifted its position in Global Blue Group by 3.9% during the first quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $10,063,000 after purchasing an additional 71,326 shares during the last quarter. Armistice Capital LLC lifted its position in Global Blue Group by 1.2% during the fourth quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after purchasing an additional 14,600 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Global Blue Group by 2.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 288,224 shares of the company’s stock valued at $1,363,000 after purchasing an additional 6,377 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Global Blue Group by 4.1% during the first quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after purchasing an additional 4,000 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

About Global Blue Group

(Get Free Report)

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).

Further Reading

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