Digi International Inc. (NASDAQ:DGII)’s share price traded down 3.1% during trading on Thursday . The stock traded as low as $11.65 and last traded at $11.71, with a volume of 61,406 shares changing hands. The stock had previously closed at $12.09.

Several equities analysts recently commented on the stock. Sidoti cut shares of Digi International from a “buy” rating to a “neutral” rating in a research note on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a $17.00 price target on shares of Digi International in a report on Friday, July 29th. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Monday, August 1st. Finally, TheStreet raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Digi International has a consensus rating of “Buy” and an average price target of $13.75.

The firm has a 50 day moving average of $11.32 and a 200-day moving average of $10.13. The stock has a market cap of $303.74 million and a price-to-earnings ratio of 19.21.

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. On average, equities research analysts expect that Digi International Inc. will post $0.46 earnings per share for the current year.

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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