Par Chadha Purchases 204,946 Shares of XBP Global (NASDAQ:XBP) Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Par Chadha purchased 204,946 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $2.83 per share, for a total transaction of $579,997.18. Following the acquisition, the director owned 204,946 shares of the company’s stock, valued at approximately $579,997.18. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

XBP Global Stock Up 8.5%

XBP Global stock traded up $0.25 during mid-day trading on Thursday, reaching $3.18. The stock had a trading volume of 25,376 shares, compared to its average volume of 18,445. The firm has a market capitalization of $37.78 million, a PE ratio of -0.86 and a beta of -0.45. XBP Global Holdings, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $13.00. The stock’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $3.17. 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:XBP) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.38). XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.The company had revenue of $191.31 million for the quarter, compared to the consensus estimate of $197.70 million.

Analyst Upgrades and Downgrades

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

About XBP Global

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.