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

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Par Chadha purchased 204,946 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average cost of $2.83 per share, for a total transaction of $579,997.18. Following the acquisition, the director directly owned 204,946 shares in the company, valued at $579,997.18. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

XBP Global Stock Performance

NASDAQ XBP traded up $0.25 on Thursday, hitting $3.18. 25,376 shares of the stock traded hands, compared to its average volume of 18,445. The business’s fifty day moving average is $2.91 and its two-hundred day moving average is $3.17. XBP Global Holdings, Inc. has a 12 month low of $2.00 and a 12 month high of $13.00. The firm 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:XBP) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.38). The firm had revenue of $191.31 million for the quarter, compared to analysts’ expectations of $197.70 million. XBP Global had a net margin of 134.88% and a return on equity of 1,328.38%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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. According to MarketBeat.com, XBP Global presently has a consensus rating of “Hold” and an average price target 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.