Digi International Inc. (NASDAQ:DGII – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 2,500,000 shares, an increase of 10.1% from the May 31st total of 2,270,000 shares. Based on an average daily trading volume, of 186,800 shares, the short-interest ratio is currently 13.4 days.
Digi International Trading Down 0.1 %
Shares of DGII opened at $22.91 on Tuesday. The stock’s 50-day moving average is $25.31 and its two-hundred day moving average is $27.17. The stock has a market cap of $833.47 million, a PE ratio of 60.29, a P/E/G ratio of 0.79 and a beta of 1.07. Digi International has a 12 month low of $21.25 and a 12 month high of $42.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.05 and a quick ratio of 1.28.
Digi International (NASDAQ:DGII – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $107.70 million for the quarter, compared to analysts’ expectations of $106.97 million. Digi International had a return on equity of 11.61% and a net margin of 3.20%. Equities analysts forecast that Digi International will post 1.7 earnings per share for the current fiscal year.
Institutional Trading of Digi International
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Piper Sandler downgraded Digi International from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $29.00 in a research note on Wednesday, May 22nd. StockNews.com raised Digi International from a “hold” rating to a “buy” rating in a research report on Saturday, June 15th. Finally, Roth Mkm decreased their price objective on Digi International from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Digi International has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.
Get Our Latest Research Report on DGII
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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