Global Blue Group (NYSE:GB) Trading Down 6.5% – Time to Sell?

Global Blue Group Holding AG (NYSE:GB)’s stock price was down 6.5% on Monday . The company traded as low as $5.72 and last traded at $5.75. Approximately 33,609 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 35,585 shares. The stock had previously closed at $6.15.

Wall Street Analyst Weigh In

Separately, Oppenheimer started coverage on Global Blue Group in a research report on Thursday, October 24th. They set an “outperform” rating and a $6.00 target price on the stock.

Global Blue Group Stock Up 3.0 %

The business has a fifty day moving average price of $5.50 and a two-hundred day moving average price of $5.17. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $1.17 billion, a PE ratio of 28.67 and a beta of 0.44.

Institutional Trading of Global Blue Group

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in Global Blue Group by 1,640.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after purchasing an additional 4,770,550 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Global Blue Group by 8.6% during 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. Scalar Gauge Management LLC raised its holdings in shares of Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares during the last quarter. Independent Advisor Alliance bought a new stake in Global Blue Group in the 3rd quarter worth about $229,000. Finally, Atom Investors LP increased its stake in shares of Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after purchasing an additional 12,625 shares during the last quarter. 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).