Andrej Jonovic Buys 31,500 Shares of XBP Global (NASDAQ:XBP) Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) CEO Andrej Jonovic bought 31,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $2.83 per share, with a total value of $89,145.00. Following the completion of the acquisition, the chief executive officer directly owned 244,700 shares of the company’s stock, valued at approximately $692,501. The trade was a 14.77% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

XBP Global Stock Up 8.5%

Shares of NASDAQ:XBP traded up $0.25 during trading on Thursday, reaching $3.18. 25,376 shares of the stock traded hands, compared to its average volume of 18,445. The stock has a market cap of $37.78 million, a P/E 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. The stock has a 50-day moving average of $2.91 and a two-hundred day moving average of $3.17. XBP Global Holdings, Inc. has a 52-week low of $2.00 and a 52-week high of $13.00.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XBP Global in a report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.