Global Blue Group (NYSE:GB) Trading Down 4.1%

Global Blue Group Holding AG (NYSE:GB - Get Free Report)'s stock price was down 4.1% during trading on Wednesday . The company traded as low as $4.60 and last traded at $4.65. Approximately 33,303 shares traded hands during trading, an increase of 19% from the average daily volume of 28,007 shares. The stock had previously closed at $4.85.

Global Blue Group Trading Down 3.7 %

The company has a market cap of $886.63 million, a price-to-earnings ratio of 66.71 and a beta of 0.42. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.98 and a quick ratio of 0.98. The business's fifty day moving average price is $4.90 and its 200 day moving average price is $4.87.

Global Blue Group (NYSE:GB - Get Free Report) last released its earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $114.26 million during the quarter, compared to analyst estimates 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 previous year, the firm earned ($0.01) EPS. Research analysts anticipate 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 hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Global Blue Group by 2.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 288,224 shares of the company's stock valued at $1,363,000 after purchasing an additional 6,377 shares during the period. Armistice Capital LLC raised its holdings in shares of Global Blue Group by 1.2% during the fourth quarter. Armistice Capital LLC now owns 1,214,475 shares of the company's stock valued at $5,744,000 after purchasing an additional 14,600 shares during the period. Scalar Gauge Management LLC acquired a new position in shares of Global Blue Group during the fourth quarter valued at about $1,083,000. WCM Investment Management LLC raised its holdings in shares of Global Blue Group by 3.9% during the first quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company's stock valued at $10,063,000 after purchasing an additional 71,326 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Global Blue Group by 4.1% during the first quarter. Sei Investments Co. now owns 100,789 shares of the company's stock valued at $528,000 after purchasing an additional 4,000 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).