Global Blue Group (NYSE:GB) Sees Unusually-High Trading Volume – Here’s Why

Shares of Global Blue Group Holding AG (NYSE:GB) saw unusually-strong trading volume on Thursday . Approximately 108,730 shares traded 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.

Analyst Upgrades and Downgrades

Separately, Oppenheimer began coverage on shares of Global Blue Group in a research note on Thursday, October 24th. They set an “outperform” rating and a $6.00 price objective for the company.

Global Blue Group Trading Up 6.5 %

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 36.43 and a beta of 0.44. The firm has a fifty day moving average price of $6.02 and a 200 day moving average price of $5.42. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00.

Institutional Trading of Global Blue Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. lifted its stake in shares of Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after buying an additional 8,646 shares during the last quarter. Atom Investors LP lifted its position in Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after acquiring an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC boosted its holdings in shares of 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 period. Finally, Independent Advisor Alliance acquired a new position in shares of Global Blue Group in the third quarter valued at approximately $229,000. 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).