StockNews.com Initiates Coverage on Diebold Nixdorf (NYSE:DBD)

StockNews.com began coverage on shares of Diebold Nixdorf (NYSE:DBD – Get Rating) in a research report sent to investors on Monday. The brokerage issued a sell rating on the technology company’s stock.

Separately, Wedbush cut Diebold Nixdorf from an outperform rating to a neutral rating in a research report on Thursday, May 4th.

Diebold Nixdorf Stock Down 9.5 %

Shares of NYSE:DBD opened at $0.25 on Monday. The stock has a market cap of $20.13 million, a price-to-earnings ratio of -0.04 and a beta of 2.91. Diebold Nixdorf has a 12-month low of $0.25 and a 12-month high of $5.27. The business’s 50 day moving average is $0.76 and its 200 day moving average is $1.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Swiss National Bank raised its stake in shares of Diebold Nixdorf by 8.2% in the first quarter. Swiss National Bank now owns 176,059 shares of the technology company’s stock valued at $1,185,000 after buying an additional 13,400 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Diebold Nixdorf by 11.4% in the first quarter. JPMorgan Chase & Co. now owns 62,934 shares of the technology company’s stock valued at $423,000 after buying an additional 6,422 shares during the period. Raymond James & Associates bought a new stake in shares of Diebold Nixdorf in the first quarter valued at $103,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Diebold Nixdorf by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,100 shares of the technology company’s stock valued at $297,000 after buying an additional 8,938 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Diebold Nixdorf by 14.9% in the first quarter. MetLife Investment Management LLC now owns 28,775 shares of the technology company’s stock valued at $194,000 after buying an additional 3,730 shares during the period. Hedge funds and other institutional investors own 74.46% of the company’s stock.

Diebold Nixdorf Company Profile

(Get Rating)

Diebold Nixdorf, Inc engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security.