Global Blue Group (NYSE:GB) Sees Unusually-High Trading Volume

Global Blue Group Holding AG (NYSE:GB) shares saw an uptick in trading volume on Friday . 19,407 shares changed hands during trading, a decline of 40% from the previous session’s volume of 32,155 shares.The stock last traded at $5.71 and had previously closed at $5.83.

Global Blue Group Stock Performance

The firm has a market cap of $1.06 billion, a P/E ratio of 83.86 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92. The firm has a fifty day moving average of $4.97 and a 200-day moving average of $4.93.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. increased its stake in Global Blue Group by 4.1% during the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock worth $528,000 after purchasing an additional 4,000 shares in the last quarter. Scalar Gauge Management LLC acquired a new stake in shares of Global Blue Group during the fourth quarter worth $1,083,000. Allspring Global Investments Holdings LLC lifted its position in Global Blue Group by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,533 shares in the last quarter. Armistice Capital LLC boosted its stake in Global Blue Group by 1.2% in the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock worth $5,744,000 after purchasing an additional 14,600 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Global Blue Group by 3.9% in the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $10,063,000 after purchasing an additional 71,326 shares during the period. 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).