Digi International Inc. (NASDAQ:DGII – Get Free Report) was the target of a significant increase in short interest during the month of 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 volume of 186,800 shares, the days-to-cover ratio is presently 13.4 days.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on DGII. StockNews.com raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Saturday, June 15th. Piper Sandler downgraded shares of Digi International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $29.00 in a report on Wednesday, May 22nd. Finally, Roth Mkm lowered their price target on shares of 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.50.
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Institutional Inflows and Outflows
Digi International Stock Down 0.1 %
Shares of NASDAQ DGII opened at $22.91 on Tuesday. Digi International has a one year low of $21.25 and a one year 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. The firm’s 50 day simple moving average is $25.31 and its two-hundred day simple moving average is $27.17. The stock has a market capitalization of $833.47 million, a P/E ratio of 60.29, a PEG ratio of 0.79 and a beta of 1.07.
Digi International (NASDAQ:DGII – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Digi International had a net margin of 3.20% and a return on equity of 11.61%. The business had revenue of $107.70 million for the quarter, compared to analysts’ expectations of $106.97 million. As a group, analysts expect that Digi International will post 1.7 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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