Global Blue Group (NYSE:GB) Shares Gap Up to $4.79

Global Blue Group Holding AG (NYSE:GBGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $4.79, but opened at $4.95. Global Blue Group shares last traded at $4.95, with a volume of 3,413 shares traded.

Global Blue Group Stock 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 firm has a market capitalization of $896.14 million, a price-to-earnings ratio of 47.20 and a beta of 0.41. The stock’s 50 day moving average price is $5.03 and its two-hundred day moving average price is $4.77.

Hedge Funds Weigh In On Global Blue Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock worth $528,000 after buying an additional 4,000 shares in the last quarter. WCM Investment Management LLC lifted its holdings in Global Blue Group by 3.9% in the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $10,063,000 after purchasing an additional 71,326 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Global Blue Group by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock valued at $1,524,000 after purchasing an additional 2,533 shares in the last quarter. Scalar Gauge Management LLC purchased a new position in Global Blue Group in the 4th quarter valued at about $1,083,000. Finally, Armistice Capital LLC lifted its holdings in Global Blue Group by 1.2% in the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after purchasing an additional 14,600 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

About Global Blue Group

(Get Free Report)

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).

Further Reading

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