Digi International (NASDAQ:DGII) Shares Cross Above 200-Day Moving Average - Time to Sell?

Digi International Inc. (NASDAQ:DGII - Get Free Report)'s stock price passed 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.

Wall Street Analyst Weigh In

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

Digi International Trading Up 1.0%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.12 and a current ratio of 1.57. The firm has a market cap of $1.33 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The business's fifty day moving average is $32.39 and its 200-day moving average is $30.76.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Sterling Capital Management LLC boosted 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 valued at $35,000 after purchasing an additional 1,025 shares during the period. Lazard Asset Management LLC purchased a new stake in Digi International in the fourth quarter valued at approximately $45,000. KLP Kapitalforvaltning AS bought a new stake in Digi International during the fourth quarter valued at approximately $196,000. Bearing Point Capital LLC purchased a new stake in shares of Digi International during the 4th quarter valued at $212,000. Finally, Captrust Financial Advisors increased its stake 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 acquiring an additional 1,291 shares during the last quarter. Institutional investors own 95.90% of the company's stock.

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.