Global Blue Group Holding AG (NYSE:GB - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $6.97 and last traded at $6.93, with a volume of 36715 shares trading hands. The stock had previously closed at $6.75.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer initiated 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.
Read Our Latest Report on GB
Global Blue Group Stock Up 2.7 %
The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day simple moving average of $5.91 and a 200 day simple moving average of $5.37. The company has a market capitalization of $1.38 billion, a PE ratio of 33.00 and a beta of 0.44.
Hedge Funds Weigh In On Global Blue Group
Several hedge funds and other institutional investors have recently modified their holdings of GB. Sei Investments Co. raised its stake in shares of 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 purchasing an additional 8,646 shares in the last quarter. Independent Advisor Alliance bought a new position in Global Blue Group during the 3rd quarter valued at $229,000. Scalar Gauge Management LLC lifted its holdings in Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company's stock valued at $1,581,000 after acquiring an additional 50,100 shares during the last quarter. Finally, 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 purchasing an additional 12,625 shares in the last quarter. Institutional investors and hedge funds 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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