Shares of Global Blue Group Holding AG (NYSE:GB - Get Free Report) saw an uptick in trading volume on Thursday . 108,730 shares changed hands during trading, an increase of 197% from the previous session's volume of 36,548 shares.The stock last traded at $6.98 and had previously closed at $6.93.
Analyst Upgrades and Downgrades
Separately, Oppenheimer assumed coverage on shares of Global Blue Group in a report on Thursday, October 24th. They set an "outperform" rating and a $6.00 target price for the company.
Check Out Our Latest Stock Analysis on Global Blue Group
Global Blue Group Trading Up 3.6 %
The stock's 50 day moving average is $5.94 and its 200-day moving average is $5.38. The company has a market cap of $1.43 billion, a P/E ratio of 34.19 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30.
Hedge Funds Weigh In On Global Blue Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its position in Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company's stock valued at $527,000 after acquiring an additional 8,646 shares during the last quarter. Atom Investors LP increased 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 purchasing an additional 12,625 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Global Blue Group in the 3rd quarter worth approximately $229,000. Finally, Scalar Gauge Management LLC boosted its holdings in shares of Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company's stock worth $1,581,000 after buying an additional 50,100 shares during the last quarter. Institutional investors own 89.66% of the company's stock.
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).
Read More
Before you consider Global Blue Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Blue Group wasn't on the list.
While Global Blue Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
