Diebold Nixdorf (DBD) Reaches New 52-Week Low at $3.35
Diebold Nixdorf Inc (NYSE:DBD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.35 and last traded at $3.46, with a volume of 34590 shares changing hands. The stock had previously closed at $3.77.
Several equities analysts have recently issued reports on DBD shares. JPMorgan Chase & Co. lowered Diebold Nixdorf from a “neutral” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research note on Monday, August 6th. Zacks Investment Research lowered Diebold Nixdorf from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. ValuEngine lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Northcoast Research lowered Diebold Nixdorf from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group decreased their price target on Diebold Nixdorf from $15.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.50.
The stock has a market capitalization of $282.42 million, a price-to-earnings ratio of 2.99 and a beta of 1.70. The company has a quick ratio of 1.01, a current ratio of 1.55 and a debt-to-equity ratio of 102.95.
A number of hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC grew its position in Diebold Nixdorf by 32.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 36,222 shares of the technology company’s stock worth $433,000 after acquiring an additional 8,868 shares during the last quarter. Wells Fargo & Company MN grew its position in Diebold Nixdorf by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,864,266 shares of the technology company’s stock worth $22,278,000 after acquiring an additional 9,645 shares during the last quarter. Principal Financial Group Inc. grew its position in Diebold Nixdorf by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 321,470 shares of the technology company’s stock worth $4,951,000 after acquiring an additional 10,474 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Diebold Nixdorf during the 2nd quarter worth $138,000. Finally, Creative Planning bought a new stake in Diebold Nixdorf during the 2nd quarter worth $143,000.
Diebold Nixdorf Company Profile (NYSE:DBD)
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.
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