Digi International (NASDAQ:DGII) Shares Up 5.5%

Digi International Inc. (NASDAQ:DGII)’s share price traded up 5.5% during mid-day trading on Friday . The stock traded as high as $15.87 and last traded at $14.94, 214,929 shares were traded during trading. An increase of 60% from the average session volume of 134,496 shares. The stock had previously closed at $14.16.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Digi International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. BidaskClub raised Digi International from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. ValuEngine downgraded Digi International from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Robert W. Baird began coverage on Digi International in a research report on Friday, November 1st. They set an “outperform” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.25.

The company has a market cap of $403.48 million, a P/E ratio of 298.80, a PEG ratio of 2.20 and a beta of 1.58. The business has a 50 day moving average price of $13.91 and a 200-day moving average price of $12.92.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. Digi International had a return on equity of 2.15% and a net margin of 4.43%. The firm had revenue of $61.17 million for the quarter, compared to analyst estimates of $63.30 million. On average, equities research analysts predict that Digi International Inc. will post 0.33 earnings per share for the current year.

In other news, VP Terrence G. Schneider sold 2,636 shares of Digi International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $13.61, for a total transaction of $35,875.96. Following the sale, the vice president now directly owns 20,666 shares of the company’s stock, valued at $281,264.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. raised its position in shares of Digi International by 288.9% during the third quarter. Meeder Asset Management Inc. now owns 11,811 shares of the technology company’s stock worth $161,000 after acquiring an additional 8,774 shares during the last quarter. Strs Ohio raised its position in shares of Digi International by 7.7% during the second quarter. Strs Ohio now owns 16,700 shares of the technology company’s stock worth $211,000 after acquiring an additional 1,200 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Digi International by 32.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,676 shares of the technology company’s stock worth $275,000 after acquiring an additional 5,325 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Digi International by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 33,360 shares of the technology company’s stock worth $423,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Digi International by 2.0% during the second quarter. Arizona State Retirement System now owns 43,525 shares of the technology company’s stock worth $552,000 after acquiring an additional 833 shares during the last quarter. Institutional investors own 81.43% of the company’s stock.

Digi International Company Profile (NASDAQ:DGII)

Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.

Further Reading: Rule of 72

Receive News & Ratings for Digi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi International and related companies with MarketBeat.com's FREE daily email newsletter.