Digi International Inc. (NASDAQ:DGII) traded down 3.6% during mid-day trading on Friday . The stock traded as low as $10.81 and last traded at $10.91, with a volume of 77,753 shares changing hands. The stock had previously closed at $11.32.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, May 2nd. TheStreet raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.50.

The company’s 50 day moving average price is $10.78 and its 200 day moving average price is $9.84. The company has a market capitalization of $287.44 million and a P/E ratio of 20.35.

Digi International (NASDAQ:DGII) last released its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The business earned $52.13 million during the quarter, compared to the consensus estimate of $52.60 million. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities analysts predict that Digi International Inc. will post $0.40 earnings per share for the current year.

In other Digi International news, VP Tracy L. Roberts sold 20,000 shares of Digi International stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $11.25, for a total value of $225,000.00. Following the transaction, the vice president now owns 27,554 shares in the company, valued at $309,982.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

An institutional investor recently raised its position in Digi International stock. Russell Frank Co raised its position in shares of Digi International Inc. (NASDAQ:DGII) by 48.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 305,158 shares of the company’s stock after buying an additional 99,696 shares during the period. Russell Frank Co owned about 1.20% of Digi International worth $3,561,000 at the end of the most recent reporting period.

Digi International Inc is a provider of Internet of Things (IoT) networking hardware products and solutions that enable the connection, monitoring and control of local or remote physical assets by electronic means. The Company’s products and solutions are deployed via both wired and, ever increasingly, wireless networks.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.