Digi International Inc. (NASDAQ:DGII – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $34.20.
A number of equities research analysts recently weighed in on the company. Craig Hallum dropped their price target on Digi International from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com raised shares of Digi International from a “hold” rating to a “buy” rating in a research report on Saturday, June 15th. Finally, Piper Sandler reduced their target price on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 8th.
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Digi International Stock Performance
Shares of DGII opened at $26.63 on Thursday. The company has a market cap of $968.67 million, a PE ratio of 70.08, a price-to-earnings-growth ratio of 0.91 and a beta of 1.07. The firm has a 50-day moving average of $26.82 and a 200-day moving average of $26.99. Digi International has a one year low of $20.17 and a one year high of $32.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.31.
Digi International (NASDAQ:DGII – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.60 million. Digi International had a return on equity of 11.32% and a net margin of 3.94%. Digi International’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. As a group, equities analysts forecast that Digi International will post 1.67 earnings per share for the current 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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