ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Upgraded to “Hold” at Zacks Research

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

ADIG has been the subject of several other research reports. Wall Street Zen upgraded shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Saturday, August 29th. Evercore began coverage on ADI Global Distribution Inc. Common Stock in a research note on Monday, September 28th. They set a “hold” rating and a $23.00 price target on the stock. Weiss Ratings started coverage on ADI Global Distribution Inc. Common Stock in a research report on Monday, October 26th. They set a “sell (d)” rating for the company. Seaport Research Partners initiated coverage on ADI Global Distribution Inc. Common Stock in a research report on Friday, August 14th. They set a “buy” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.25.

ADI Global Distribution Inc. Common Stock Price Performance

ADIG stock opened at $18.96 on Tuesday. The stock’s fifty day simple moving average is $18.86. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40. ADI Global Distribution Inc. Common Stock has a 52-week low of $15.00 and a 52-week high of $30.99.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.

Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.