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

Posted by James Quigley on Oct 18th, 2024

Global Blue Group Holding AG (NYSE:GB – Get Free Report) saw an uptick in trading volume on Tuesday . 56,615 shares were traded 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 Trading Down 2.1 %

The company’s 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $5.05. The stock has a market cap of $985.35 million, a price-to-earnings ratio of 74.14 and a beta of 0.43. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98.

Global Blue Group (NYSE:GB – Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. The firm had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $127.42 million. Research analysts expect that Global Blue Group Holding AG will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global Blue Group stock. Allspring Global Investments Holdings LLC grew its stake in Global Blue Group Holding AG (NYSE:GB – Free Report) by 1,640.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,061,307 shares of the company’s stock after buying an additional 4,770,550 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.67% of Global Blue Group worth $24,395,000 as of its most recent SEC filing. Institutional investors own 89.66% of the company’s stock.

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).