Global Blue Group Holding AG (NYSE:GB - Get Free Report) saw unusually-high trading volume on Monday . Approximately 968,973 shares were traded during trading, an increase of 386% from the previous session's volume of 199,350 shares.The stock last traded at $7.24 and had previously closed at $7.30.
Analyst Upgrades and Downgrades
Separately, Oppenheimer lowered shares of Global Blue Group from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th.
Read Our Latest Research Report on GB
Global Blue Group Price Performance
The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 35.12 and a beta of 0.41. The stock's fifty day moving average price is $7.18 and its 200-day moving average price is $6.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30.
Institutional Investors Weigh In On Global Blue Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC purchased a new stake in shares of Global Blue Group in the 4th quarter valued at approximately $73,000. Wells Fargo & Company MN acquired a new stake in Global Blue Group in the 4th quarter valued at approximately $79,000. XTX Topco Ltd purchased a new stake in Global Blue Group in the fourth quarter valued at approximately $87,000. Renaissance Technologies LLC lifted its stake in Global Blue Group by 74.8% during the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock worth $317,000 after purchasing an additional 19,600 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Global Blue Group during the fourth quarter worth $1,200,000. Hedge funds and other 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).
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