Global Blue Group (NYSE:GB) Sees Strong Trading Volume – Here’s What Happened

Shares of Global Blue Group Holding AG (NYSE:GB) saw strong trading volume on Tuesday . 56,615 shares traded hands during trading, an increase of 70% from the previous session’s volume of 33,311 shares.The stock last traded at $5.32 and had previously closed at $5.33.

Global Blue Group Stock Performance

The company’s 50-day simple moving average is $5.13 and its 200-day simple moving average is $5.05. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 76.14 and a beta of 0.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB) last announced its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. The company had revenue of $126.75 million for the quarter, compared to the consensus estimate of $127.42 million. On average, analysts expect that Global Blue Group Holding AG will post 0.36 EPS for the current year.

Institutional Trading of Global Blue Group

A hedge fund recently raised its stake in Global Blue Group stock. Sei Investments Co. lifted its holdings in Global Blue Group Holding AG (NYSE:GB) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,789 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Sei Investments Co. owned approximately 0.05% of Global Blue Group worth $528,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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).