Global Blue Group (NYSE:GB) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Global Blue Group's shares experienced a 69% increase in trading volume, with approximately 58,313 shares traded compared to 34,473 the previous session.
• The stock price was down 0.1% and closed at $7.39, slightly below its 50-day moving average of $7.43.
• In its latest earnings report, Global Blue Group reported $0.06 EPS, exceeding the consensus estimate of $0.04, with a net margin of 16.56% and revenue of $137.18 million.
• Hedge funds own 89.66% of the stock, with several institutions recently increasing their holdings in the company.

Shares of Global Blue Group Holding AG (NYSE:GB - Get Free Report) saw strong trading volume on Friday . 58,313 shares traded hands during mid-day trading, an increase of 69% from the previous session's volume of 34,473 shares.The stock last traded at $7.39 and had previously closed at $7.38.

Global Blue Group Stock Performance

The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1.48 billion, a P/E ratio of 19.99 and a beta of 0.44. The business's fifty day simple moving average is $7.43 and its 200-day simple moving average is $7.32.

Global Blue Group (NYSE:GB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Global Blue Group had a net margin of 16.56% and a return on equity of 45.20%. The firm had revenue of $137.18 million for the quarter, compared to the consensus estimate of $130.33 million. As a group, equities analysts anticipate that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Global Blue Group

A number of large investors have recently made changes to their positions in GB. Orion Portfolio Solutions LLC purchased a new position in shares of Global Blue Group during the 4th quarter worth about $73,000. Scalar Gauge Management LLC lifted its position in shares of Global Blue Group by 17.5% in the 4th quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company's stock worth $2,354,000 after purchasing an additional 50,668 shares during the period. Wells Fargo & Company MN bought a new position in shares of Global Blue Group during the 4th quarter worth approximately $79,000. Renaissance Technologies LLC raised its stake in shares of Global Blue Group by 74.8% during the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock worth $317,000 after acquiring an additional 19,600 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Global Blue Group during the 4th quarter worth approximately $87,000. 89.66% of the stock is currently owned by institutional investors.

About Global Blue Group

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).