XBP Global (NASDAQ:XBP) Receives "Sell (E+)" Rating from Weiss Ratings

Key Points

• XBP Global's stock has been given a "Sell (E+)" rating by Weiss Ratings, indicating a negative outlook from analysts.
• The company's quarterly earnings reported a loss of ($0.10) EPS, with revenues of $39.62 million.
• Company Director Randal T. Klein purchased 150,000 shares at an average cost of $0.54 per share, increasing his stake in the company significantly.

XBP Global (NASDAQ:XBP - Get Free Report)'s stock had its "sell (e+)" rating reissued by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised XBP Global to a "hold" rating in a report on Friday, September 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".

XBP Global Stock Performance

NASDAQ XBP traded down $0.00 on Wednesday, reaching $0.74. 51,128 shares of the stock traded hands, compared to its average volume of 1,086,077. The firm's fifty day simple moving average is $0.77 and its 200 day simple moving average is $0.96. XBP Global has a 12 month low of $0.42 and a 12 month high of $2.56.

XBP Global (NASDAQ:XBP - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $39.62 million during the quarter.

Insiders Place Their Bets

In related news, Director Randal T. Klein purchased 150,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $0.54 per share, with a total value of $81,000.00. Following the completion of the purchase, the director owned 150,000 shares in the company, valued at approximately $81,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.50% of the company's stock.

About XBP Global

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries.

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