Digi International Inc. (DGII) Stock Price Up 4.4%
Digi International Inc. (NASDAQ:DGII)’s share price rose 4.4% during trading on Friday . The stock traded as high as $12.45 and last traded at $12.29, with a volume of 97,037 shares changing hands. The stock had previously closed at $11.77.
DGII has been the topic of several research analyst reports. TheStreet raised shares of Digi International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Monday, August 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Digi International in a research note on Friday, July 29th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $13.75.
The stock has a market capitalization of $320.10 million and a P/E ratio of 20.25. The company has a 50-day moving average of $11.09 and a 200 day moving average of $10.02.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, July 28th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm earned $52.13 million during the quarter, compared to analyst estimates of $52.60 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, equities analysts predict that Digi International Inc. will post $0.46 EPS for the current year.
In other news, VP Tracy L. Roberts sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $11.25, for a total value of $225,000.00. Following the sale, the vice president now owns 27,554 shares in the company, valued at approximately $309,982.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.
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