Shares of Digi International Inc. (NASDAQ:DGII) reached a new 52-week low on Wednesday . The company traded as low as $8.90 and last traded at $8.90, with a volume of 134,527 shares trading hands. The stock had previously closed at $9.05.

DGII has been the topic of a number of analyst reports. Benchmark Co. initiated coverage on shares of Digi International in a research note on Tuesday, April 25th. They issued a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research cut shares of Digi International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Sidoti raised shares of Digi International from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. TheStreet cut shares of Digi International from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 price objective on shares of Digi International in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Digi International currently has an average rating of “Buy” and an average target price of $14.50.

The firm has a 50 day moving average of $9.86 and a 200 day moving average of $11.04. The stock has a market cap of $236.20 million, a PE ratio of 27.05 and a beta of 1.45.

Digi International (NASDAQ:DGII) last released its earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Digi International had a net margin of 4.74% and a return on equity of 3.17%. The firm had revenue of $45.70 million for the quarter, compared to analyst estimates of $45.67 million. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. Equities analysts predict that Digi International Inc. will post $0.27 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Digi International by 0.7% in the second quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock valued at $140,000 after buying an additional 100 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Digi International by 0.9% in the second quarter. Russell Investments Group Ltd. now owns 82,377 shares of the technology company’s stock valued at $835,000 after buying an additional 700 shares during the period. US Bancorp DE raised its stake in shares of Digi International by 2.8% in the first quarter. US Bancorp DE now owns 28,546 shares of the technology company’s stock valued at $340,000 after buying an additional 771 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Digi International by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock valued at $178,000 after buying an additional 880 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Digi International by 2.0% in the second quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after buying an additional 1,075 shares during the period. 76.88% of the stock is currently owned by institutional investors.

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Digi International Company Profile

Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.

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