Digi International Inc. (DGII) Trading 4.2% Higher
Digi International Inc. (NASDAQ:DGII) shares traded up 4.2% on Friday . The company traded as high as $11.95 and last traded at $11.95, with a volume of 52,586 shares trading hands. The stock had previously closed at $11.47.
A number of research analysts have recently weighed in on the company. Sidoti lowered Digi International from a “buy” rating to a “neutral” rating in a report on Wednesday, August 24th. Zacks Investment Research raised Digi International from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a report on Monday, August 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $17.00 price objective on shares of Digi International in a report on Friday, July 29th.
The company has a market cap of $310.23 million and a PE ratio of 19.62. The company has a 50 day moving average of $11.49 and a 200-day moving average of $10.27.
Digi International (NASDAQ:DGII) last released its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. During the same quarter last year, the business posted $0.08 earnings per share. The company earned $52.13 million during the quarter, compared to analysts’ expectations of $52.60 million. The company’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 $0.46 EPS for the current 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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