Global Blue Group (NYSE:GB) Sees Strong Trading Volume

Global Blue Group Holding AG (NYSE:GB) shares saw unusually-high trading volume on Thursday . Approximately 21,219 shares changed hands during trading, a decline of 34% from the previous session’s volume of 32,356 shares.The stock last traded at $5.82 and had previously closed at $5.85.

Global Blue Group Stock Performance

The company has a market cap of $1.05 billion, a P/E ratio of 79.00 and a beta of 0.43. The stock’s 50-day moving average price is $5.04 and its 200-day moving average price is $4.98. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.98 and a quick ratio of 0.98.

Hedge Funds Weigh In On Global Blue Group

Several hedge funds have recently bought and sold shares of GB. Sei Investments Co. raised its holdings in shares of Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after buying an additional 8,646 shares in the last quarter. Scalar Gauge Management LLC acquired a new position in Global Blue Group during the fourth quarter worth about $1,083,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Global Blue Group by 0.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock worth $1,524,000 after acquiring an additional 2,533 shares during the last quarter. Armistice Capital LLC boosted its stake in shares of Global Blue Group by 1.2% in 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 in the last quarter. Finally, WCM Investment Management LLC grew its holdings in shares of Global Blue Group by 3.9% during the 1st 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 last quarter. 89.66% of the stock is owned by 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).