Global Blue Group (NYSE:GB) Sees Strong Trading Volume – Still a Buy?

Global Blue Group Holding AG (NYSE:GB) saw unusually-strong trading volume on Thursday . Approximately 108,730 shares changed hands during trading, an increase of 197% from the previous session’s volume of 36,548 shares.The stock last traded at $6.98 and had previously closed at $6.93.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer initiated coverage on Global Blue Group in a research report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price objective for the company.

Global Blue Group Trading Up 0.7 %

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The company has a fifty day moving average price of $5.91 and a two-hundred day moving average price of $5.37. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 33.24 and a beta of 0.44.

Institutional Trading of Global Blue Group

Several institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its holdings in Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after buying an additional 8,646 shares during the period. Atom Investors LP increased its position in shares of Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after acquiring an additional 12,625 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group in the 3rd quarter valued at approximately $229,000. Finally, Scalar Gauge Management LLC lifted its holdings in shares of Global Blue Group by 21.0% in the 3rd 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. Hedge funds and other institutional investors 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).