XBP Global (NASDAQ:XBP) CFO Acquires 8,833 Shares of Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) CFO Dejan Avramovic bought 8,833 shares of the stock in a transaction on Tuesday, September 15th. The shares were bought at an average price of $2.83 per share, for a total transaction of $24,997.39. Following the completion of the transaction, the chief financial officer directly owned 94,068 shares of the company’s stock, valued at $266,212.44. This trade represents a 10.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

XBP Global Price Performance

Shares of XBP stock traded up $0.25 during midday trading on Thursday, reaching $3.18. 25,376 shares of the company traded hands, compared to its average volume of 18,445. The firm’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $3.17. XBP Global Holdings, Inc. has a 1-year low of $2.00 and a 1-year high of $13.00. The company has a debt-to-equity ratio of 7.59, a current ratio of 0.64 and a quick ratio of 0.60. The firm 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 announced its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing the consensus estimate of ($1.04) by ($0.38). The firm had revenue of $191.31 million for the quarter, compared to analysts’ expectations of $197.70 million. XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.

Analyst Ratings Changes

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