Global Blue Group (NYSE:GB) Shares Down 7.2%

Global Blue Group Holding AG (NYSE:GB - Get Free Report) traded down 7.2% during mid-day trading on Thursday . The stock traded as low as $5.01 and last traded at $5.01. 8,130 shares traded hands during trading, a decline of 74% from the average session volume of 30,813 shares. The stock had previously closed at $5.40.

Global Blue Group Price Performance

The business has a fifty day moving average of $4.93 and a 200-day moving average of $4.90. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $863.84 million, a P/E ratio of 65.00 and a beta of 0.43.

Global Blue Group (NYSE:GB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $114.26 million for the quarter, compared to the consensus estimate of $112.38 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, sell-side analysts forecast that Global Blue Group Holding AG will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Blue Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GB. Allspring Global Investments Holdings LLC grew its stake in shares of Global Blue Group by 1,640.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company's stock worth $24,395,000 after purchasing an additional 4,770,550 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Global Blue Group by 3.9% in the first 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 acquiring an additional 14,600 shares during the last quarter. Scalar Gauge Management LLC bought a new stake in shares of Global Blue Group during the 4th quarter worth $1,083,000. Finally, Sei Investments Co. grew its holdings in shares of Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company's stock worth $527,000 after acquiring an additional 8,646 shares during the last quarter. 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).