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

Shares of Digi International Inc. (NASDAQ:DGII - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.97 and traded as high as $34.36. Digi International shares last traded at $33.14, with a volume of 139,235 shares.

Analysts Set New Price Targets

Several analysts have commented on DGII shares. Piper Sandler boosted their price target 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 Price Performance

The stock's 50-day moving average is $33.75 and its 200 day moving average is $31.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 1.12. The company has a market cap of $1.23 billion, a PE ratio of 29.28, a PEG ratio of 1.16 and a beta of 0.89.

Digi International (NASDAQ:DGII - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The company 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 firm's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. On average, equities analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Digi International

A number of institutional investors and hedge funds have recently bought and sold shares of DGII. Sterling Capital Management LLC raised its stake in shares of 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 acquiring an additional 1,025 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Digi International in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC raised its stake in shares of Digi International by 67.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company's stock valued at $59,000 after acquiring an additional 685 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Digi International by 5,263.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company's stock valued at $71,000 after acquiring an additional 2,000 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Digi International in the 4th quarter valued at approximately $196,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.