Shares of Digi International Inc. (NASDAQ:DGII – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $34.20.
Several research analysts have recently issued reports on the stock. Craig Hallum lowered their price target on shares of Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler cut their price target on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th.
Read Our Latest Stock Report on Digi International
Institutional Investors Weigh In On Digi International
Digi International Price Performance
Shares of DGII stock opened at $29.56 on Monday. The business has a fifty day simple moving average of $27.75 and a 200 day simple moving average of $26.80. The company has a market cap of $1.08 billion, a P/E ratio of 77.79, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. Digi International has a twelve month low of $20.17 and a twelve month high of $32.90.
Digi International (NASDAQ:DGII – Get Free Report) last posted its 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 firm had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.60 million. Digi International had a net margin of 3.94% and a return on equity of 11.32%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, sell-side analysts forecast 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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