Global Blue Group (NYSE:GB) Trading 5.5% Higher

Global Blue Group Holding AG (NYSE:GB) was up 5.5% during mid-day trading on Tuesday . The company traded as high as $5.14 and last traded at $5.14. Approximately 307 shares changed hands during trading, a decline of 99% from the average daily volume of 29,857 shares. The stock had previously closed at $4.87.

Global Blue Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.20. The company has a market capitalization of $970.18 million, a P/E ratio of 51.11 and a beta of 0.41. The business’s fifty day moving average price is $4.81 and its 200-day moving average price is $4.85.

Global Blue Group (NYSE:GB) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $117.81 million for the quarter, compared to the consensus estimate of $121.73 million. As a group, sell-side analysts predict that Global Blue Group Holding AG will post 0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in Global Blue Group by 216.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $26,000 after purchasing an additional 3,876 shares during the period. Rockefeller Capital Management L.P. raised its position in Global Blue Group by 650.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,500 shares of the company’s stock worth $34,000 after purchasing an additional 6,500 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Global Blue Group in the 3rd quarter worth $49,000. Sei Investments Co. purchased a new position in Global Blue Group in the 2nd quarter worth $320,000. Finally, Scalar Gauge Management LLC purchased a new position in Global Blue Group in the 4th quarter worth $1,083,000. 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).