Digi International Inc. (NASDAQ:DGII)’s share price dropped 3.6% on Friday . The company traded as low as $10.81 and last traded at $10.91, with a volume of 77,753 shares. The stock had previously closed at $11.32.

DGII has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Digi International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet raised Digi International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 target price on shares of Digi International in a research report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Digi International presently has a consensus rating of “Buy” and an average target price of $13.50.

The stock has a market cap of $287.78 million and a price-to-earnings ratio of 18.24. The stock’s 50 day moving average is $10.78 and its 200-day moving average is $9.84.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.06. During the same period last year, the business earned $0.08 earnings per share. The firm had revenue of $52.13 million for the quarter, compared to analysts’ expectations of $52.60 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that Digi International Inc. will post $0.44 earnings per share for the current year.

In other news, VP Tracy L. Roberts sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $11.25, for a total transaction of $225,000.00. Following the completion of the sale, the vice president now directly owns 27,554 shares of the company’s stock, valued at approximately $309,982.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

An institutional investor recently raised its position in Digi International stock. Russell Frank Co boosted its position in Digi International Inc. (NASDAQ:DGII) by 48.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,158 shares of the company’s stock after buying an additional 99,696 shares during the period. Russell Frank Co owned 1.20% of Digi International worth $3,561,000 as of its most recent filing with the SEC.

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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