Global Blue Group (NYSE:GB) Sees Large Volume Increase – Time to Buy?

Global Blue Group Holding AG (NYSE:GB) saw unusually-high trading volume on Thursday . Approximately 965,159 shares were traded during trading, an increase of 159% from the previous session’s volume of 372,292 shares.The stock last traded at $7.32 and had previously closed at $7.32.

Global Blue Group Price Performance

The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $1.46 billion, a PE ratio of 34.83 and a beta of 0.41. The stock has a 50 day simple moving average of $7.00 and a two-hundred day simple moving average of $5.94.

Global Blue Group (NYSE:GB) last posted its earnings results on Friday, November 22nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. During the same quarter in the previous year, the firm posted $0.08 EPS. Sell-side analysts expect that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Global Blue Group

Several institutional investors have recently modified their holdings of GB. WCM Investment Management LLC raised its holdings in shares of Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after buying an additional 57,889 shares during the last quarter. Atom Investors LP grew its position in shares of Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC boosted its position in Global Blue Group by 21.0% during the third 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 purchased a new position in Global Blue Group during the third quarter worth approximately $229,000. Finally, Bank of America Corp DE purchased a new position in shares of Global Blue Group in the 4th quarter valued at $1,200,000. 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).