Digi International Inc. (DGII) Sees Large Volume Increase
Digi International Inc. (NASDAQ:DGII) saw an uptick in trading volume on Wednesday . 144,244 shares traded hands during mid-day trading, an increase of 119% from the previous session’s volume of 65,801 shares.The stock last traded at $11.47 and had previously closed at $11.72.
Several research firms have recently commented on DGII. TheStreet raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Digi International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Canaccord Genuity reissued a “buy” rating and set a $17.00 price target on shares of Digi International in a report on Friday, July 29th. Finally, Sidoti downgraded shares of Digi International from a “buy” rating to a “neutral” rating in a report on Wednesday, August 24th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.33.
The stock has a market cap of $297.77 million and a PE ratio of 18.83. The stock has a 50 day moving average price of $11.45 and a 200 day moving average price of $10.24.
Digi International (NASDAQ:DGII) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The company had revenue of $52.13 million for the quarter, compared to analyst estimates of $52.60 million. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. On average, analysts anticipate that Digi International Inc. will post $0.46 EPS 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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