Diebold Nixdorf (NYSE:DBD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.87 and traded as high as $43.37. Diebold Nixdorf shares last traded at $42.50, with a volume of 91,996 shares.

Analyst Ratings Changes

Several research firms have issued reports on DBD. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Wedbush restated an “outperform” rating and issued a $60.00 target price (up previously from $50.00) on shares of Diebold Nixdorf in a report on Wednesday, December 11th.

Diebold Nixdorf Stock Performance

The business has a 50-day moving average of $44.92 and a 200 day moving average of $42.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.45 and a quick ratio of 0.96. The company has a market cap of $1.61 billion, a PE ratio of 328.87 and a beta of 1.85.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently made changes to their positions in DBD. State Street Corp boosted its holdings in Diebold Nixdorf by 21.6% in the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after buying an additional 89,840 shares during the period. Geode Capital Management LLC increased its stake in Diebold Nixdorf by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock worth $32,087,000 after acquiring an additional 11,917 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Diebold Nixdorf during the 2nd quarter valued at approximately $1,876,000. Renaissance Technologies LLC boosted its position in shares of Diebold Nixdorf by 233.4% during the 2nd quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after acquiring an additional 174,800 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Diebold Nixdorf in the second quarter worth $3,243,000. Institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.