Digi International Inc. (NASDAQ:DGII – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.20.
A number of brokerages have weighed in on DGII. Craig Hallum decreased their price objective on Digi International from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler reduced their price target on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com upgraded Digi International from a “hold” rating to a “buy” rating in a report on Saturday, June 15th.
Check Out Our Latest Stock Report on Digi International
Hedge Funds Weigh In On Digi International
Digi International Stock Performance
Shares of Digi International stock opened at $29.56 on Monday. The company has a market capitalization of $1.08 billion, a PE ratio of 77.79, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 2.00. The company has a 50-day simple moving average of $27.64 and a two-hundred day simple moving average of $26.84. Digi International has a one year low of $20.17 and a one year high of $32.90.
Digi International (NASDAQ:DGII – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.60 million. Digi International had a net margin of 3.94% and a return on equity of 11.32%. Digi International’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Research analysts expect that Digi International will post 1.67 EPS for the current fiscal year.
Digi International Company Profile
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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