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

XBP Global Holdings, Inc. (NASDAQ:XBP) CFO Dejan Avramovic acquired 8,833 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average price of $2.83 per share, with a total value 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 $266,212.44. This trade represents a 10.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

XBP Global Stock Performance

XBP Global stock opened at $3.48 on Friday. The firm’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $3.14. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 7.59. The firm has a market capitalization of $41.35 million, a PE ratio of -0.94 and a beta of -0.45. XBP Global Holdings, Inc. has a 1-year low of $2.00 and a 1-year high of $13.00.

XBP Global (NASDAQ:XBP) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing the consensus estimate of ($1.04) by ($0.38). The firm had revenue of $191.31 million during the quarter, compared to the consensus estimate of $197.70 million. XBP Global had a net margin of 134.88% and a return on equity of 1,328.38%.

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 analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.00.

XBP Global Company Profile

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.