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

XBP Global Holdings, Inc. (NASDAQ:XBP - Free Report) shares are scheduled to reverse split before the market opens on 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 Stock Down 20.3%XBP stock opened at $0.53 on Friday. The company has a market cap of $62.04 million, a price-to-earnings ratio of -2.40 and a beta of -0.39. The business has a 50 day moving average price of $0.62 and a two-hundred day moving average price of $0.79. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 2.71. XBP Global has a twelve month low of $0.42 and a twelve month high of $2.56. Wall Street Analysts Forecast GrowthA number of analysts have weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of XBP Global in a research report on Monday, December 1st. Wall Street Zen upgraded shares of XBP Global to a "hold" rating in a research report on Friday, September 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".Get Our Latest Stock Report on XBPInstitutional Investors Weigh In On XBP GlobalSeveral hedge funds and other institutional investors have recently bought and sold shares of XBP. Cantor Fitzgerald L. P. raised its holdings in shares of XBP Global by 9.4% during the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company's stock valued at $5,356,000 after purchasing an additional 572,449 shares during the period. Alpine Global Management LLC acquired a new position in XBP Global during the 3rd quarter worth approximately $194,000. Public Employees Retirement System of Ohio bought a new position in XBP Global in the third quarter worth approximately $31,000. Nomura Holdings Inc. bought a new position in XBP Global in the third quarter worth approximately $863,000. Finally, HoldCo Asset Management LP acquired a new stake in XBP Global in the third quarter valued at approximately $6,352,000. 15.72% of the stock is owned by institutional investors. XBP Global Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than XBP GlobalRetail Stocks Investing, ExplainedUlta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?Profitably Trade Stocks at 52-Week HighsGates Foundation Sells MSFT Stock—Should Investors Be Worried?Dividend Payout Ratio CalculatorMarketBeat Week in Review – 12/1 - 12/5This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in XBP Global Right Now?Before you consider XBP Global, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XBP Global wasn't on the list.While XBP Global currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here