Digi International (NASDAQ:DGII) Share Price Passes Above 200 Day Moving Average of $0.00

Shares of Digi International Inc. (NASDAQ:DGII) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $19.75. Digi International shares last traded at $19.44, with a volume of 121,917 shares traded.

A number of analysts recently commented on the stock. Colliers Securities reiterated a “buy” rating and issued a $25.50 target price on shares of Digi International in a research note on Monday, March 8th. Piper Sandler started coverage on shares of Digi International in a research note on Tuesday, March 9th. They set an “overweight” rating and a $29.00 price objective for the company. Canaccord Genuity decreased their price objective on shares of Digi International from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, May 12th. Finally, Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.19.

The company has a debt-to-equity ratio of 0.10, a current ratio of 4.12 and a quick ratio of 3.22. The stock has a market capitalization of $661.54 million, a PE ratio of 67.03, a PEG ratio of 3.44 and a beta of 1.66. The company’s fifty day moving average is $18.51.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, May 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $77.30 million during the quarter, compared to analyst estimates of $74.01 million. Digi International had a net margin of 3.00% and a return on equity of 2.24%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Analysts anticipate that Digi International Inc. will post 0.31 EPS for the current year.

Large investors have recently bought and sold shares of the company. Dorsey Wright & Associates increased its holdings in shares of Digi International by 136.0% during the 1st quarter. Dorsey Wright & Associates now owns 1,770 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in Digi International in the 1st quarter worth $55,000. Ensign Peak Advisors Inc purchased a new stake in Digi International in the 1st quarter worth $70,000. Mutual of America Capital Management LLC increased its holdings in Digi International by 21.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,435 shares of the technology company’s stock worth $84,000 after acquiring an additional 789 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Digi International by 50.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 8,300 shares of the technology company’s stock worth $158,000 after acquiring an additional 2,800 shares in the last quarter. 82.96% of the stock is owned by hedge funds and other institutional investors.

Digi International Company Profile (NASDAQ:DGII)

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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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