Diebold Nixdorf (DBD) Stock Price Down 9.6%

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Diebold Nixdorf Inc (NYSE:DBD) shares fell 9.6% during mid-day trading on Thursday . The company traded as low as $3.83 and last traded at $3.85. 2,522,063 shares changed hands during trading, an increase of 32% from the average session volume of 1,915,829 shares. The stock had previously closed at $4.26.

A number of research firms recently issued reports on DBD. ValuEngine downgraded Diebold Nixdorf from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research upgraded Diebold Nixdorf from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Credit Suisse Group decreased their price objective on Diebold Nixdorf from $15.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Northcoast Research downgraded Diebold Nixdorf from a “buy” rating to a “neutral” rating in a report on Wednesday, July 25th. Finally, TheStreet downgraded Diebold Nixdorf from a “c-” rating to a “d+” rating in a report on Thursday, July 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Diebold Nixdorf has a consensus rating of “Hold” and an average target price of $14.80.

The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 6.96. The firm has a market capitalization of $342.42 million, a PE ratio of 3.28 and a beta of 1.72.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, August 1st. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Diebold Nixdorf had a positive return on equity of 10.58% and a negative net margin of 7.77%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. Equities analysts expect that Diebold Nixdorf Inc will post -0.07 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Hilltop Holdings Inc. bought a new position in Diebold Nixdorf in the first quarter valued at approximately $169,000. Xact Kapitalforvaltning AB bought a new position in Diebold Nixdorf in the first quarter valued at approximately $176,000. Commonwealth Equity Services LLC bought a new position in Diebold Nixdorf in the second quarter valued at approximately $138,000. Creative Planning bought a new position in Diebold Nixdorf in the second quarter valued at approximately $143,000. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in Diebold Nixdorf by 57.1% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,539 shares of the technology company’s stock valued at $239,000 after purchasing an additional 5,647 shares in the last quarter.

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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