Digi International (NASDAQ:DGII)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a research report issued on Thursday, AnalystRatings.com reports. They presently have a $26.00 target price on the technology company’s stock. Canaccord Genuity’s price target would suggest a potential upside of 72.19% from the company’s current price.
DGII has been the topic of a number of other research reports. BidaskClub raised Digi International from a “hold” rating to a “buy” rating in a report on Saturday, October 19th. Robert W. Baird initiated coverage on Digi International in a report on Friday, November 1st. They issued an “outperform” rating and a $19.00 target price on the stock. Zacks Investment Research downgraded Digi International from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, ValuEngine downgraded Digi International from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Digi International presently has an average rating of “Buy” and an average target price of $19.50.
DGII stock traded up $0.33 during trading on Thursday, reaching $15.10. The stock had a trading volume of 325,200 shares, compared to its average volume of 135,377. Digi International has a 52 week low of $9.28 and a 52 week high of $15.87. The stock’s 50 day moving average is $14.04 and its two-hundred day moving average is $12.98. The firm has a market cap of $417.83 million, a PE ratio of 302.00, a PEG ratio of 2.28 and a beta of 1.58.
Digi International Company Profile
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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