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

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

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

Diebold Nixdorf Stock Performance

Shares of NYSE:DBD opened at $0.25 on Monday. Diebold Nixdorf has a 52-week low of $0.25 and a 52-week high of $5.27. The firm has a market capitalization of $20.13 million, a P/E ratio of -0.04 and a beta of 2.91. The stock has a 50 day moving average price of $0.76 and a 200-day moving average price of $1.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBD. Millennium Management LLC increased its position in Diebold Nixdorf by 400.8% during the 4th quarter. Millennium Management LLC now owns 3,959,686 shares of the technology company’s stock valued at $5,623,000 after buying an additional 3,169,086 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its position in Diebold Nixdorf by 21,256.7% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 2,810,323 shares of the technology company’s stock valued at $3,991,000 after buying an additional 2,797,164 shares in the last quarter. Renaissance Technologies LLC bought a new position in Diebold Nixdorf during the 1st quarter valued at approximately $1,802,000. Two Sigma Investments LP increased its position in Diebold Nixdorf by 337.7% during the 1st quarter. Two Sigma Investments LP now owns 909,729 shares of the technology company’s stock valued at $1,092,000 after buying an additional 701,866 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Diebold Nixdorf by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,868,080 shares of the technology company’s stock valued at $52,953,000 after buying an additional 487,338 shares in the last quarter. Institutional investors own 74.46% of the company’s stock.

Diebold Nixdorf Company Profile

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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.