Global Blue Group (NYSE:GB) Shares Up 4.9%

Global Blue Group Holding AG (NYSE:GB - Get Free Report) shares rose 4.9% during mid-day trading on Wednesday . The stock traded as high as $4.96 and last traded at $4.95. Approximately 6,061 shares were traded during trading, a decline of 78% from the average daily volume of 28,142 shares. The stock had previously closed at $4.72.

Global Blue Group Trading Up 4.0 %

The stock has a 50-day moving average of $4.90 and a 200 day moving average of $4.88. The stock has a market cap of $932.19 million, a PE ratio of 70.14 and a beta of 0.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 8.36.

Global Blue Group (NYSE:GB - Get Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $114.26 million during the quarter, compared to analysts' expectations of $112.38 million. Global Blue Group had a net margin of 3.29% and a return on equity of 61.46%. During the same quarter in the prior year, the company earned ($0.01) EPS. As a group, sell-side analysts anticipate that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Global Blue Group

Several hedge funds have recently bought and sold shares of GB. Allspring Global Investments Holdings LLC lifted its position in shares of Global Blue Group by 1,640.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company's stock valued at $24,395,000 after buying an additional 4,770,550 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Global Blue Group by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company's stock valued at $10,063,000 after buying an additional 71,326 shares in the last quarter. Armistice Capital LLC lifted its position in shares of Global Blue Group by 1.2% during the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company's stock valued at $5,744,000 after buying an additional 14,600 shares in the last quarter. Scalar Gauge Management LLC acquired a new position in Global Blue Group in the 4th quarter valued at $1,083,000. Finally, Sei Investments Co. raised its stake in Global Blue Group by 8.6% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors 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).