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

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

Wall Street Analysts Forecast Growth

Separately, Oppenheimer started coverage on Global Blue Group in a report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price objective on the stock.

Global Blue Group Price Performance

The company’s 50-day moving average price is $5.91 and its 200-day moving average price is $5.37. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 33.24 and a beta of 0.44.

Institutional Trading of Global Blue Group

A number of large investors have recently modified their holdings of GB. Independent Advisor Alliance acquired a new position in shares of Global Blue Group during the third quarter worth about $229,000. Atom Investors LP lifted its stake in Global Blue Group by 20.2% in 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. Sei Investments Co. grew its holdings in 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 acquiring an additional 8,646 shares in the last quarter. Finally, Scalar Gauge Management LLC grew its holdings in Global Blue Group by 21.0% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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).