Global Blue Group (NYSE:GB) Hits New 52-Week High - Here's What Happened

Global Blue Group Holding AG (NYSE:GB - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $7.75 and last traded at $7.69, with a volume of 14535 shares traded. The stock had previously closed at $7.65.

Analyst Ratings Changes

Separately, Oppenheimer assumed coverage on Global Blue Group in a research report on Thursday, October 24th. They issued an "outperform" rating and a $6.00 price objective for the company.

Global Blue Group Trading Up 1.6 %

The business has a 50-day moving average of $6.02 and a two-hundred day moving average of $5.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 37.00 and a beta of 0.44.

Institutional Investors Weigh In On Global Blue Group

Several institutional investors and hedge funds have recently bought and sold shares of GB. Atom Investors LP boosted its position in shares of Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company's stock valued at $410,000 after acquiring an additional 12,625 shares in the last quarter. Scalar Gauge Management LLC boosted its holdings in Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company's stock valued at $1,581,000 after purchasing an additional 50,100 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of Global Blue Group in the 3rd quarter valued at approximately $229,000. Finally, Sei Investments Co. lifted its position in shares of Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company's stock worth $527,000 after buying an additional 8,646 shares during the period. Institutional investors own 89.66% of the company's stock.

About Global Blue Group

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).