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

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Par Chadha bought 204,946 shares of XBP Global stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $2.83 per share, with a total value of $579,997.18. Following the completion of the acquisition, the director owned 204,946 shares of the company’s stock, valued at $579,997.18. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

XBP Global Trading Up 9.4%

Shares of XBP opened at $3.48 on Friday. The business’s 50-day moving average price is $2.94 and its 200 day moving average price is $3.14. The stock has a market capitalization of $41.35 million, a P/E 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. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 7.59.

XBP Global (NASDAQ:XBP) last posted 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 net margin of 134.88% and a return on equity of 1,328.38%. The firm had revenue of $191.31 million for the quarter, compared to analysts’ expectations of $197.70 million.

Analysts Set New Price Targets

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