XBP Global (NASDAQ:XBP) Shares to Reverse Split on Monday, December 15th

XBP Global Holdings, Inc. (NASDAQ:XBP)’s stock is set to reverse split on the morning of Monday, December 15th. The 1-10 reverse split was announced on Friday, December 5th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, December 12th.

XBP Global Trading Down 20.2%

XBP opened at $0.41 on Thursday. XBP Global has a 1-year low of $0.41 and a 1-year high of $2.56. The stock has a market capitalization of $48.61 million, a PE ratio of -1.88 and a beta of -0.39. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 2.71. The firm has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $0.77.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XBP shares. Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a research report on Monday, December 1st. Wall Street Zen raised XBP Global to a “hold” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of XBP Global

Several hedge funds and other institutional investors have recently modified their holdings of XBP. Clear Harbor Asset Management LLC acquired a new position in XBP Global in the 3rd quarter valued at about $42,000. Allianz Asset Management GmbH acquired a new position in shares of XBP Global in the 3rd quarter valued at approximately $1,362,000. Vanguard Group Inc. lifted its holdings in shares of XBP Global by 6,119.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after acquiring an additional 1,864,748 shares during the period. Jefferies Financial Group Inc. bought a new position in XBP Global in the third quarter valued at approximately $504,000. Finally, Shay Capital LLC increased its stake in XBP Global by 354.6% in the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after acquiring an additional 78,001 shares during the last quarter. Institutional investors own 15.72% of the company’s stock.

XBP Global Company Profile

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.