Global Blue Group Holding AG (NYSE:GB – Get Free Report) shares fell 5.4% during mid-day trading on Thursday . The company traded as low as $5.02 and last traded at $5.05. 29,834 shares changed hands during trading, a decline of 3% from the average session volume of 30,717 shares. The stock had previously closed at $5.34.
Global Blue Group Stock Down 3.6 %
The firm has a market capitalization of $977.78 million, a PE ratio of 51.51 and a beta of 0.41. The company has a fifty day simple moving average of $4.67 and a two-hundred day simple moving average of $4.91. The company has a debt-to-equity ratio of 8.20, a quick ratio of 1.00 and a current ratio of 1.00.
Global Blue Group (NYSE:GB – Get Free Report) last issued its earnings results on Friday, February 23rd. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Global Blue Group had a return on equity of 87.79% and a net margin of 5.28%. The firm had revenue of $117.81 million during the quarter, compared to analysts’ expectations of $121.73 million. Analysts forecast that Global Blue Group Holding AG will post 0.24 EPS for the current fiscal year.
Institutional Investors Weigh In On Global Blue Group
A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Global Blue Group by 216.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $26,000 after buying an additional 3,876 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Global Blue Group by 650.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,500 shares of the company’s stock valued at $34,000 after buying an additional 6,500 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Global Blue Group during the 3rd quarter valued at about $49,000. Sei Investments Co. acquired a new position in Global Blue Group during the 2nd quarter valued at about $320,000. Finally, Scalar Gauge Management LLC acquired a new position in Global Blue Group during the 4th quarter valued at about $1,083,000. 89.66% of the stock is currently 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).