Digi International (NASDAQ:DGII) Stock Passes Above 200 Day Moving Average – Should You Sell?

Digi International Inc. (NASDAQ:DGII) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.08 and traded as high as $31.06. Digi International shares last traded at $30.40, with a volume of 144,906 shares.

Analyst Ratings Changes

DGII has been the topic of a number of research reports. StockNews.com raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Piper Sandler boosted their price target on shares of Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Craig Hallum restated a “hold” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digi International presently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Digi International Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.13. The stock’s 50-day moving average price is $31.70 and its 200-day moving average price is $28.08. The company has a market cap of $1.12 billion, a P/E ratio of 49.84, a PEG ratio of 1.21 and a beta of 1.05.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $105.05 million for the quarter, compared to the consensus estimate of $104.16 million. Digi International had a return on equity of 11.24% and a net margin of 5.31%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Equities analysts anticipate that Digi International Inc. will post 1.65 EPS for the current year.

Insider Activity

In other Digi International news, VP Terrence G. Schneider sold 2,808 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $33.06, for a total value of $92,832.48. Following the sale, the vice president now owns 39,002 shares of the company’s stock, valued at approximately $1,289,406.12. This trade represents a 6.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Satbir Khanuja sold 7,000 shares of Digi International stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $31.76, for a total value of $222,320.00. Following the completion of the transaction, the director now owns 83,255 shares in the company, valued at approximately $2,644,178.80. The trade was a 7.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,329 shares of company stock worth $332,361. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Digi International

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its stake in Digi International by 108.0% during the third quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock worth $466,000 after acquiring an additional 8,788 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Digi International during the 2nd quarter valued at approximately $498,000. Captrust Financial Advisors increased its position in Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after purchasing an additional 2,418 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Digi International by 51.8% during the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after buying an additional 8,235 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Digi International by 6.7% during the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company’s stock worth $2,627,000 after buying an additional 7,208 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

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.