XBP Global (NASDAQ:XBP) Stock Rating Upgraded by Cantor Fitzgerald

XBP Global (NASDAQ:XBP) was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

XBP Global Stock Performance

XBP opened at $2.96 on Wednesday. XBP Global has a 52-week low of $2.50 and a 52-week high of $25.60. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 4.12. The company has a market cap of $34.83 million, a P/E ratio of -1.35 and a beta of -0.15. The firm’s 50-day moving average price is $5.55 and its 200-day moving average price is $6.28.

Hedge Funds Weigh In On XBP Global

Several hedge funds and other institutional investors have recently bought and sold shares of XBP. Public Employees Retirement System of Ohio acquired a new position in XBP Global in the 3rd quarter worth approximately $31,000. Clear Harbor Asset Management LLC acquired a new position in XBP Global in the 3rd quarter worth approximately $42,000. Shay Capital LLC increased its holdings in XBP Global by 354.6% in the 3rd 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 period. Alpine Global Management LLC acquired a new position in XBP Global in the 3rd quarter worth approximately $194,000. Finally, Jefferies Financial Group Inc. acquired a new position in XBP Global in the 3rd quarter worth approximately $504,000. Institutional investors and hedge funds own 15.72% 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. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.