Global Blue Group (NYSE:GB) Stock Price Down 3.6%

Global Blue Group Holding AG (NYSE:GB)’s share price dropped 3.6% on Tuesday . The company traded as low as $5.57 and last traded at $5.57. Approximately 15,478 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 32,381 shares. The stock had previously closed at $5.78.

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 5.92. The stock has a fifty day moving average of $4.99 and a two-hundred day moving average of $4.95. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 83.00 and a beta of 0.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GB. Sei Investments Co. boosted its stake 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 acquiring an additional 8,646 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Global Blue Group by 1,640.7% during the second 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. WCM Investment Management LLC boosted its position in 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 worth $10,063,000 after purchasing an additional 71,326 shares in the last quarter. Scalar Gauge Management LLC acquired a new stake in Global Blue Group in the fourth quarter valued at $1,083,000. Finally, Armistice Capital LLC increased its position in shares of Global Blue Group by 1.2% in the fourth 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 in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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).