Global Blue Group (NYSE:GB) Shares Gap Up to $5.51

Global Blue Group Holding AG (NYSE:GB – Get Rating)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.51, but opened at $5.67. Global Blue Group shares last traded at $5.57, with a volume of 544 shares trading hands.

Global Blue Group Stock Up 3.7 %

The business’s 50 day moving average is $5.64 and its 200-day moving average is $5.44. The stock has a market cap of $964.54 million, a price-to-earnings ratio of -20.54 and a beta of 0.49. The company has a debt-to-equity ratio of 185.62, a quick ratio of 1.43 and a current ratio of 1.43.

Global Blue Group (NYSE:GB – Get Rating) last released its quarterly earnings results on Monday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $88.51 million during the quarter.

Institutional Investors Weigh In On Global Blue Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GB. Tower Research Capital LLC TRC boosted its stake 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 worth $26,000 after purchasing an additional 3,876 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of 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 worth $34,000 after acquiring an additional 6,500 shares during the period. Boston Partners purchased a new position in shares of Global Blue Group during the 1st quarter worth $462,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Global Blue Group by 13.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 196,830 shares of the company’s stock worth $1,181,000 after acquiring an additional 22,958 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Global Blue Group in the 1st quarter valued at about $1,298,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Global Blue Group Company Profile

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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 Complementary Retail Tech Solutions (CRTS).