XBP Global’s (XBP) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of XBP Global (NASDAQ:XBP) in a research report report published on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of XBP Global to a “hold” rating in a report on Friday, September 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, XBP Global currently has an average rating of “Sell”.

XBP Global Stock Performance

XBP Global stock opened at $0.52 on Friday. The company’s 50-day moving average price is $0.72 and its 200-day moving average price is $0.89. XBP Global has a twelve month low of $0.42 and a twelve month high of $2.56.

XBP Global (NASDAQ:XBP) last issued 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 related news, Director Randal T. Klein bought 150,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $0.54 per share, for a total transaction of $81,000.00. Following the purchase, the director directly owned 150,000 shares of the company’s stock, valued at approximately $81,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On XBP Global

A hedge fund recently bought a new stake in XBP Global stock. Clear Harbor Asset Management LLC bought a new position in XBP Global Holdings, Inc. (NASDAQ:XBP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 51,906 shares of the company’s stock, valued at approximately $42,000. 15.72% of the stock is owned by institutional investors.

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.