Digi International (DGII) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Digi International (NASDAQ:DGII) released its earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.02, American Banking & Market News reports. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $49.45 million.
Digi International (NASDAQ:DGII) traded down 1.71% during mid-day trading on Thursday, hitting $12.09. 121,729 shares of the company’s stock traded hands. Digi International has a 1-year low of $8.51 and a 1-year high of $12.75. The stock’s 50-day moving average is $12.11 and its 200-day moving average is $10.49. The company has a market cap of $311.3 million and a P/E ratio of 55.91.
On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of Digi International from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.50.
In other Digi International news, Director Guy C. Jackson sold 17,000 shares of Digi International stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $12.36, for a total value of $210,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Digi International Inc operates in the communications technology industry. It helps customers connect, monitor and control local or remote electronic devices over a network through the Internet or through satellite.
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