Digi International Inc. (DGII) Sees Large Volume Increase
Digi International Inc. (NASDAQ:DGII) saw unusually-high trading volume on Monday . Approximately 105,614 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 65,129 shares.The stock last traded at $12.19 and had previously closed at $12.33.
DGII has been the topic of a number of research reports. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research note on Monday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $17.00 price target on shares of Digi International in a research report on Friday, July 29th. Finally, TheStreet raised shares of Digi International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $13.75.
The firm’s 50 day moving average is $11.19 and its 200-day moving average is $10.08. The company has a market capitalization of $316.72 million and a PE ratio of 20.03.
Digi International (NASDAQ:DGII) last posted its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm earned $52.13 million during the quarter, compared to the consensus estimate of $52.60 million. During the same period in the previous year, the company posted $0.08 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts expect that Digi International Inc. will post $0.46 earnings per share for the current fiscal year.
In other news, VP Tracy L. Roberts sold 20,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $309,982.50. The transaction was disclosed in a legal filing with the SEC, 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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