XBP Global (NASDAQ:XBP) Trading 10.6% Higher – Time to Buy?

XBP Global Holdings, Inc. (NASDAQ:XBP) rose 10.6% during mid-day trading on Thursday . The company traded as high as $2.59 and last traded at $2.50. 6,089 shares were traded during trading, a decline of 52% from the average daily volume of 12,657 shares. The stock had previously closed at $2.26.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XBP shares. Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a report on Friday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of XBP Global in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

XBP Global Price Performance

The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 5.67. The business’s 50-day moving average is $2.45 and its two-hundred day moving average is $4.77. The company has a market capitalization of $32.01 million, a P/E ratio of -0.83 and a beta of -0.43.

XBP Global (NASDAQ:XBP) last issued its quarterly earnings data on Monday, March 30th. The company reported ($7.75) earnings per share (EPS) for the quarter. XBP Global had a return on equity of 1,645.47% and a net margin of 130.26%.

Insider Buying and Selling

In other XBP Global news, Director Randal T. Klein purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $2.44 per share, for a total transaction of $61,000.00. Following the completion of the acquisition, the director owned 40,000 shares of the company’s stock, valued at $97,600. The trade was a 166.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.40% of the company’s stock.

Institutional Investors Weigh In On XBP Global

Several large investors have recently made changes to their positions in XBP. Public Employees Retirement System of Ohio purchased a new position in shares of XBP Global in the 3rd quarter worth about $31,000. Shay Capital LLC increased its holdings in XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the last quarter. Alpine Global Management LLC purchased a new stake in XBP Global during the third quarter worth about $194,000. Jefferies Financial Group Inc. bought a new stake in XBP Global in the third quarter worth about $504,000. Finally, Nomura Holdings Inc. bought a new stake in XBP Global in the third quarter worth about $863,000. 15.72% of the stock is owned by hedge funds and other institutional investors.

XBP Global Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.