Digi International (NASDAQ:DGII) Share Price Crosses Above 200 Day Moving Average of $26.64

Shares of Digi International Inc. (NASDAQ:DGIIGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.64 and traded as high as $32.18. Digi International shares last traded at $32.03, with a volume of 188,500 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Stephens increased their price target on Digi International from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.33.

Get Our Latest Stock Analysis on DGII

Digi International Trading Up 3.1 %

The firm has a market cap of $1.16 billion, a PE ratio of 74.49, a P/E/G ratio of 1.02 and a beta of 1.21. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $29.41 and a 200 day moving average price of $26.64.

Digi International (NASDAQ:DGIIGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Digi International had a return on equity of 11.87% and a net margin of 3.61%. The business had revenue of $106.09 million for the quarter, compared to the consensus estimate of $105.75 million. Analysts forecast that Digi International Inc. will post 1.8 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in Digi International by 0.5% during the 3rd quarter. Rhumbline Advisers now owns 102,783 shares of the technology company’s stock worth $2,775,000 after buying an additional 502 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Digi International by 7.4% in the 4th quarter. Lazard Asset Management LLC now owns 7,943 shares of the technology company’s stock valued at $290,000 after purchasing an additional 544 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Digi International by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 11,412 shares of the technology company’s stock valued at $449,000 after purchasing an additional 615 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Digi International by 76.8% in the 3rd quarter. Quantbot Technologies LP now owns 1,752 shares of the technology company’s stock valued at $47,000 after purchasing an additional 761 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Digi International by 13.3% in the 1st quarter. US Bancorp DE now owns 12,666 shares of the technology company’s stock valued at $272,000 after purchasing an additional 1,491 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

About Digi International

(Get Free Report)

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.

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