Global Blue Group (NYSE:GB) Sees Large Volume Increase - Here's Why

Global Blue Group Holding AG (NYSE:GB - Get Free Report) shares saw strong trading volume on Thursday . 965,159 shares were traded during trading, an increase of 159% from the previous session's volume of 372,292 shares.The stock last traded at $7.32 and had previously closed at $7.32.

Wall Street Analyst Weigh In

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

Global Blue Group Stock Up 0.1 %

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 34.83 and a beta of 0.41. The firm has a 50-day moving average of $7.00 and a two-hundred day moving average of $5.94.

Global Blue Group (NYSE:GB - Get Free Report) last posted its quarterly earnings results on Friday, November 22nd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, sell-side analysts predict that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

Several large investors have recently added to or reduced their stakes in GB. Bank of America Corp DE acquired a new position in Global Blue Group in the 4th quarter valued at approximately $1,200,000. WCM Investment Management LLC raised its holdings in Global Blue Group by 3.0% in the 4th quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company's stock valued at $13,437,000 after acquiring an additional 57,889 shares in the last quarter. Scalar Gauge Management LLC grew its stake in shares of Global Blue Group by 17.5% in the 4th quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company's stock valued at $2,354,000 after purchasing an additional 50,668 shares during the period. Independent Advisor Alliance bought a new stake in shares of Global Blue Group in the 3rd quarter valued at approximately $229,000. Finally, Renaissance Technologies LLC grew its stake in shares of Global Blue Group by 74.8% in the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock valued at $317,000 after purchasing an additional 19,600 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

Global Blue Group Company Profile

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).