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

Digi International Inc. (NASDAQ:DGII - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.84 and traded as high as $35.80. Digi International shares last traded at $35.33, with a volume of 283,755 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DGII shares. Piper Sandler increased their target price on shares of Digi International from $26.00 to $30.00 and gave the stock 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 Stock Performance

The stock has a market cap of $1.30 billion, a PE ratio of 30.98, a PEG ratio of 1.22 and a beta of 0.89. 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 company's 50-day moving average price is $33.32 and its two-hundred day moving average price is $30.90.

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

Institutional Investors Weigh In On Digi International

A number of large investors have recently modified their holdings of DGII. Pacer Advisors Inc. boosted its stake in shares of Digi International by 2,297.0% during the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company's stock valued at $6,624,000 after purchasing an additional 228,089 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Digi International by 9,344.7% during the 1st quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company's stock valued at $3,023,000 after acquiring an additional 107,464 shares during the period. Herald Investment Management Ltd purchased a new position in Digi International during the 1st quarter valued at about $2,226,000. New Age Alpha Advisors LLC purchased a new position in Digi International during the 4th quarter valued at about $1,400,000. Finally, Ameriprise Financial Inc. lifted its position in Digi International by 8.8% during the 4th quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company's stock valued at $10,880,000 after acquiring an additional 29,026 shares during the period. Institutional investors own 95.90% of the company's stock.

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.