Global Blue Group (NYSE:GB) Stock Price Down 5.4% – Time to Sell?

Global Blue Group Holding AG (NYSE:GB) traded down 5.4% during mid-day trading on Wednesday . The company traded as low as $5.01 and last traded at $5.04. 83,249 shares were traded during trading, an increase of 153% from the average session volume of 32,913 shares. The stock had previously closed at $5.33.

Global Blue Group Stock Performance

The company has a market capitalization of $958.77 million, a PE ratio of 71.14 and a beta of 0.43. The firm has a 50-day moving average of $5.09 and a two-hundred day moving average of $5.04. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB) last released its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $127.42 million. Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. Research analysts anticipate that Global Blue Group Holding AG will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its position in shares of Global Blue Group by 4.1% in the first 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 purchased a new stake in shares of Global Blue Group during the fourth quarter valued at approximately $1,083,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 worth $24,395,000 after purchasing an additional 4,770,550 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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).