XBP Global Stock Set to Reverse Split on Monday, December 15th (NASDAQ:XBP)

XBP Global Holdings, Inc. (NASDAQ:XBP)’s stock is scheduled to reverse split on Monday, December 15th. The 1-10 reverse split was announced on Friday, December 5th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, December 12th.

XBP Global Stock Down 20.3%

XBP Global stock opened at $0.53 on Friday. The firm has a market capitalization of $62.04 million, a price-to-earnings ratio of -2.40 and a beta of -0.39. The firm’s fifty day moving average price is $0.62 and its two-hundred day moving average price is $0.79. XBP Global has a 1-year low of $0.42 and a 1-year high of $2.56. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 2.71.

Analyst Upgrades and Downgrades

XBP has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of XBP Global to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a report on Monday, December 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XBP. Clear Harbor Asset Management LLC bought a new position in XBP Global in the 3rd quarter valued at $42,000. Allianz Asset Management GmbH purchased a new position in shares of XBP Global in the 3rd quarter worth about $1,362,000. Vanguard Group Inc. grew its position in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after buying an additional 1,864,748 shares during the period. Jefferies Financial Group Inc. purchased a new stake in XBP Global during the third quarter worth about $504,000. Finally, Shay Capital LLC increased its holdings in XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the last quarter. Hedge funds and other institutional investors own 15.72% of the company’s stock.

XBP Global Company Profile

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.