Global Blue Group (NYSE:GB) Shares Gap Up to $4.67

Shares of Global Blue Group Holding AG (NYSE:GB) gapped up before the market opened on Monday . The stock had previously closed at $4.67, but opened at $4.80. Global Blue Group shares last traded at $4.80, with a volume of 282 shares changing hands.

Global Blue Group Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 8.36. The company has a fifty day simple moving average of $4.91 and a 200 day simple moving average of $4.77. The firm has a market capitalization of $911.33 million, a P/E ratio of 68.00 and a beta of 0.41.

Global Blue Group (NYSE:GB) last issued 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 analysts’ expectations of $112.38 million. Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. During the same period last year, the firm posted ($0.01) earnings per share. On average, equities analysts expect that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its holdings in Global Blue Group by 4.1% during the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after buying an additional 4,000 shares in the last quarter. Scalar Gauge Management LLC bought a new stake in Global Blue Group in the 4th quarter valued at $1,083,000. Allspring Global Investments Holdings LLC lifted its stake in Global Blue Group by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 288,224 shares of the company’s stock worth $1,363,000 after purchasing an additional 6,377 shares in the last quarter. Armistice Capital LLC boosted its holdings 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 purchasing an additional 14,600 shares during the last quarter. Finally, WCM Investment Management LLC grew its position 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 in 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).