Diebold Nixdorf (NYSE:DBD) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD) shares 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

DBD has been the subject of several recent research reports. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price (up from $50.00) on shares of Diebold Nixdorf in a research note on Wednesday, December 11th.

Diebold Nixdorf Price Performance

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new position in Diebold Nixdorf in the 2nd quarter worth approximately $34,000. nVerses Capital LLC bought a new position in Diebold Nixdorf in the 2nd quarter worth $35,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Diebold Nixdorf by 215.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares during the period. XTX Topco Ltd purchased a new position in shares of Diebold Nixdorf during the third quarter valued at about $275,000. Finally, Victory Capital Management Inc. purchased a new stake in Diebold Nixdorf in the third quarter worth about $319,000. Hedge funds and other 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.