Global Blue Group (NYSE:GB) Shares Gap Down to $4.81

Global Blue Group Holding AG (NYSE:GB)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $4.81, but opened at $4.71. Global Blue Group shares last traded at $4.71, with a volume of 837 shares changing hands.

Global Blue Group Price Performance

The firm has a 50-day simple moving average of $4.90 and a 200-day simple moving average of $4.86. The firm has a market capitalization of $907.51 million, a PE ratio of 68.00 and a beta of 0.42. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.98 and a quick ratio of 0.98.

Global Blue Group (NYSE:GB) last issued its earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. The firm had revenue of $114.26 million during the quarter, compared to analysts’ expectations of $112.38 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. As a group, equities analysts forecast that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Global Blue Group

A number of institutional investors and hedge funds have recently modified their holdings of GB. Allspring Global Investments Holdings LLC lifted its position in Global Blue Group by 1,640.7% in 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 period. WCM Investment Management LLC raised 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 valued at $10,063,000 after acquiring an additional 71,326 shares in the last quarter. Armistice Capital LLC raised its position in Global Blue Group by 1.2% during the fourth quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after acquiring an additional 14,600 shares in the last quarter. Scalar Gauge Management LLC bought a new position in shares of Global Blue Group in the fourth quarter valued at approximately $1,083,000. Finally, Sei Investments Co. raised its position in shares of Global Blue Group by 8.6% in the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after purchasing an additional 8,646 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

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).