Digi International Inc. (DGII) Trading Up 4.4%
Digi International Inc. (NASDAQ:DGII)’s share price was up 4.4% during mid-day trading on Friday . The company traded as high as $12.45 and last traded at $12.29, with a volume of 97,037 shares traded. The stock had previously closed at $11.77.
A number of equities analysts recently issued reports on DGII shares. TheStreet upgraded Digi International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Zacks Investment Research upgraded Digi International from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, May 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $17.00 price objective on shares of Digi International in a research note on Friday, July 29th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Digi International presently has an average rating of “Buy” and an average target price of $13.75.
The company has a market capitalization of $320.10 million and a price-to-earnings ratio of 20.25. The firm’s 50-day moving average price is $11.14 and its 200-day moving average price is $10.04.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, July 28th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $52.13 million for the quarter, compared to analyst estimates of $52.60 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that Digi International Inc. will post $0.46 earnings per share for the current fiscal year.
In related news, VP Tracy L. Roberts sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $11.25, for a total transaction of $225,000.00. Following the completion of the transaction, the vice president now owns 27,554 shares in the company, valued at $309,982.50. The sale was disclosed in a legal filing with the SEC, which is accessible 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.