Shares of Digi International Inc. (NASDAQ:DGII) 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 analysts recently commented on the company. Zacks Investment Research upgraded Digi International from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, May 2nd. TheStreet upgraded Digi International from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Digi International in a report on Friday, July 29th. Finally, Sidoti cut Digi International from a “buy” rating to a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $13.75.

The stock has a 50-day moving average price of $11.36 and a 200-day moving average price of $10.16. The firm has a market cap of $304.26 million and a PE ratio of 19.24.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The firm had revenue of $52.13 million for the quarter, compared to analysts’ expectations of $52.60 million. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. On average, equities analysts anticipate that Digi International Inc. will post $0.46 earnings per share for the current fiscal 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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