XBP Global (NASDAQ:XBP) Upgraded by Wall Street Zen to Hold Rating

Key Points

• XBP Global has been upgraded to a "hold" rating by Wall Street Zen, indicating a more cautious outlook for the stock.
• The company's stock rose by 6.2% to open at $0.79, with a fifty-two week range of $0.42 to $2.56.
• Insider trading activity included Director Randal T. Klein purchasing 150,000 shares at $0.54 per share, totaling $81,000, which significantly increased his position in the company.

XBP Global (NASDAQ:XBP - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a report released on Friday.

XBP Global Stock Up 6.2%

NASDAQ:XBP opened at $0.79 on Friday. XBP Global has a fifty-two week low of $0.42 and a fifty-two week high of $2.56. The stock's 50-day moving average is $0.78 and its two-hundred day moving average is $0.98.

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

Insider Buying and Selling

In other XBP Global news, Director Randal T. Klein purchased 150,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $0.54 per share, for a total transaction of $81,000.00. Following the purchase, the director directly owned 150,000 shares in the company, valued at $81,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.50% of the stock is owned by corporate insiders.

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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