Dejan Avramovic Buys 8,833 Shares of XBP Global (NASDAQ:XBP) Stock

XBP Global Holdings, Inc. (NASDAQ:XBPGet Free Report) CFO Dejan Avramovic acquired 8,833 shares of XBP Global stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $2.83 per share, for a total transaction of $24,997.39. Following the completion of the transaction, the chief financial officer directly owned 94,068 shares of the company’s stock, valued at approximately $266,212.44. This represents a 10.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

XBP Global Price Performance

XBP Global stock traded up $0.25 during midday trading on Thursday, reaching $3.18. 25,376 shares of the company were exchanged, compared to its average volume of 18,445. The firm’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $3.17. XBP Global Holdings, Inc. has a 1 year low of $2.00 and a 1 year high of $13.00. The company has a market capitalization of $37.78 million, a price-to-earnings ratio of -0.86 and a beta of -0.45. The company has a debt-to-equity ratio of 7.59, a quick ratio of 0.60 and a current ratio of 0.64.

XBP Global (NASDAQ:XBPGet Free Report) last released its earnings results on Thursday, August 13th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.38). XBP Global had a net margin of 134.88% and a return on equity of 1,328.38%. The firm had revenue of $191.31 million during the quarter, compared to analysts’ expectations of $197.70 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.

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XBP Global Company Profile

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XBP Global Holdings, Inc is a business process management and automation company that helps organizations digitize, streamline and manage document-intensive workflows. Its services are designed to improve the processing of business information and transactions across functions such as accounts payable, accounts receivable, payments, claims and customer communications.

The company combines software, data capture, workflow automation and managed services to support enterprises and public-sector organizations.

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