Digi International (NASDAQ:DGII) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Digi International Inc. (NASDAQ:DGII - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.69 and traded as high as $35.44. Digi International shares last traded at $34.86, with a volume of 145,232 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler boosted their price target on Digi International from $26.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Digi International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 20th.

Digi International Stock Up 1.0%

The company's fifty day simple moving average is $32.72 and its 200-day simple moving average is $30.79. The firm has a market capitalization of $1.33 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 1.12.

Digi International (NASDAQ:DGII - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.02. Digi International had a net margin of 10.07% and a return on equity of 11.00%. The company had revenue of $104.50 million during the quarter, compared to analysts' expectations of $104.08 million. During the same period last year, the business earned $0.49 EPS. Digi International's revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts forecast that Digi International Inc. will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in Digi International by 868.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,143 shares of the technology company's stock worth $35,000 after buying an additional 1,025 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Digi International in the fourth quarter worth $45,000. KLP Kapitalforvaltning AS purchased a new position in shares of Digi International during the fourth quarter worth $196,000. Bearing Point Capital LLC acquired a new position in Digi International during the fourth quarter valued at $212,000. Finally, Captrust Financial Advisors boosted its holdings in Digi International by 6.3% in the fourth quarter. Captrust Financial Advisors now owns 21,629 shares of the technology company's stock valued at $654,000 after purchasing an additional 1,291 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

About Digi International

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.