Shares of Digi International Inc. (NASDAQ:DGII) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.67.
DGII has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 13th. Craig Hallum cut their price target on shares of Digi International from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, May 8th.
In related news, VP David H. Sampsell sold 12,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $11.25, for a total value of $140,625.00. Following the sale, the vice president now directly owns 67,049 shares of the company’s stock, valued at approximately $754,301.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.
Digi International stock traded down $0.06 during trading hours on Tuesday, reaching $12.12. 121,530 shares of the stock were exchanged, compared to its average volume of 120,855. The stock has a market cap of $350.93 million, a P/E ratio of 29.56, a P/E/G ratio of 7.38 and a beta of 1.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.54. Digi International has a 52-week low of $6.18 and a 52-week high of $18.99. The firm’s 50 day moving average is $11.05 and its 200 day moving average is $11.92.
Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $73.45 million during the quarter, compared to the consensus estimate of $74.94 million. Digi International had a net margin of 2.35% and a return on equity of 3.34%. Equities research analysts expect that Digi International will post 0.11 EPS for the current fiscal year.
About Digi International
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, and internationally. 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.
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