Global Blue Group (NYSE:GB) Shares Gap Up to $5.24

Shares of Global Blue Group Holding AG (NYSE:GB - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.24, but opened at $5.40. Global Blue Group shares last traded at $5.30, with a volume of 5,033 shares trading hands.

Global Blue Group Stock Up 0.4 %

The company has a debt-to-equity ratio of 8.20, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $998.66 million, a P/E ratio of 53.01 and a beta of 0.41. The stock's 50 day simple moving average is $4.69 and its 200 day simple moving average is $4.89.

Global Blue Group (NYSE:GB - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). The firm had revenue of $117.81 million for the quarter, compared to analysts' expectations of $121.73 million. Global Blue Group had a return on equity of 87.79% and a net margin of 5.28%. Research analysts anticipate that Global Blue Group Holding AG will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Global Blue Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GB. Tower Research Capital LLC TRC lifted its holdings in Global Blue Group by 216.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company's stock valued at $26,000 after purchasing an additional 3,876 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Global Blue Group by 650.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,500 shares of the company's stock valued at $34,000 after purchasing an additional 6,500 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Global Blue Group during the third quarter valued at about $49,000. Sei Investments Co. bought a new stake in shares of Global Blue Group during the second quarter valued at about $320,000. Finally, Scalar Gauge Management LLC bought a new stake in shares of Global Blue Group during the fourth quarter valued at about $1,083,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

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).