Digi International Inc. (DGII) Stock Price Up 4.2%
Digi International Inc. (NASDAQ:DGII)’s share price rose 4.2% during mid-day trading on Friday . The stock traded as high as $11.95 and last traded at $11.95, with a volume of 52,586 shares changing hands. The stock had previously closed at $11.47.
DGII has been the topic of several recent research reports. Sidoti cut Digi International from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 24th. Canaccord Genuity restated a “buy” rating and issued a $17.00 price target on shares of Digi International in a research report on Friday, July 29th. Finally, Zacks Investment Research upgraded Digi International from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Monday, August 1st.
The firm has a market cap of $310.23 million and a P/E ratio of 19.62. The firm’s 50 day moving average price is $11.48 and its 200 day moving average price is $10.25.
Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The firm earned $52.13 million during the quarter, compared to analysts’ expectations of $52.60 million. During the same period in the previous year, the company earned $0.08 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast 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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