XBP Global (NASDAQ:XBP) Director Par Chadha Acquires 204,946 Shares of Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Par Chadha purchased 204,946 shares of XBP Global stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $2.83 per share, for a total transaction of $579,997.18. Following the completion of the transaction, the director directly owned 204,946 shares in the company, valued at $579,997.18. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

XBP Global Stock Up 8.5%

NASDAQ XBP opened at $3.18 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 7.59. XBP Global Holdings, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $13.00. The business has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $3.14. The stock has a market cap of $37.78 million, a PE ratio of -0.86 and a beta of -0.45.

XBP Global (NASDAQ:XBP) last posted its earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.38). The firm had revenue of $191.31 million for the quarter, compared to analyst estimates of $197.70 million. XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.00.

About XBP Global

XBP Global Holdings, Inc is a business process management and automation company that helps organizations digitize, streamline and manage document-intensive workflows. Its services are designed to improve the processing of business information and transactions across functions such as accounts payable, accounts receivable, payments, claims and customer communications.

The company combines software, data capture, workflow automation and managed services to support enterprises and public-sector organizations.