Global Blue Group (NYSE:GB) Shares Gap Down to $4.92

Global Blue Group Holding AG (NYSE:GB)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.92, but opened at $4.81. Global Blue Group shares last traded at $4.90, with a volume of 3,475 shares.

Global Blue Group Trading Up 2.2 %

The firm has a market capitalization of $991.07 million, a price-to-earnings ratio of 74.57 and a beta of 0.41. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 8.36. The company has a fifty day moving average price of $4.92 and a two-hundred day moving average price of $4.78.

Global Blue Group (NYSE:GB) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $114.26 million for 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 period in the previous year, the firm posted ($0.01) EPS. As a group, research analysts forecast that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Global Blue Group

Several institutional investors have recently made changes to their positions in GB. Allspring Global Investments Holdings LLC raised its position in shares of Global Blue Group by 2.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 288,224 shares of the company’s stock valued at $1,363,000 after buying an additional 6,377 shares during the period. Armistice Capital LLC raised 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 during the period. Scalar Gauge Management LLC purchased a new stake in shares of Global Blue Group during the 4th quarter valued at approximately $1,083,000. WCM Investment Management LLC raised its position in 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 purchasing an additional 71,326 shares during the period. Finally, Sei Investments Co. raised its position in 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 purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

About Global Blue Group

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).