Digi International (NASDAQ:DGII) Hits New 1-Year Low at $20.17

Digi International Inc. (NASDAQ:DGII)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $20.17 and last traded at $22.28, with a volume of 40214 shares traded. The stock had previously closed at $24.30.

Analyst Upgrades and Downgrades

Several research firms have commented on DGII. StockNews.com raised shares of Digi International from a “hold” rating to a “buy” rating in a research note on Saturday, June 15th. Piper Sandler cut their price objective on shares of Digi International from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, Roth Mkm lowered their price target on shares of Digi International from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Digi International Stock Down 8.8 %

The business has a 50-day moving average of $23.84 and a 200-day moving average of $27.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 2.05. The stock has a market capitalization of $806.18 million, a price-to-earnings ratio of 63.95, a P/E/G ratio of 0.87 and a beta of 1.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Digi International by 687.7% during the 1st quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock worth $31,000 after buying an additional 839 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in Digi International in the 1st quarter valued at about $33,000. NBC Securities Inc. acquired a new position in shares of Digi International during the 1st quarter worth approximately $78,000. Central Pacific Bank Trust Division purchased a new stake in shares of Digi International in the first quarter valued at $139,000. Finally, SG Americas Securities LLC lifted its holdings in Digi International by 92.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock valued at $187,000 after purchasing an additional 3,911 shares in the last quarter. Institutional investors and hedge funds 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.