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Digi International (NASDAQ:DGII) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $8.60 target price on the stock. Zacks‘s target price would suggest a potential upside of 2.87% from the stock’s previous close.

Shares of Digi International (NASDAQ:DGII) traded up 1.08% during mid-day trading on Tuesday, hitting $8.45. 16,647 shares of the company’s stock traded hands. Digi International has a 1-year low of $7.87 and a 1-year high of $12.75. The stock’s 50-day moving average is $8.41 and its 200-day moving average is $9.16. The company has a market cap of $210.0 million and a P/E ratio of 64.31.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $47.90 million for the quarter, compared to the consensus estimate of $47.94 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Digi International will post $0.09 EPS for the current fiscal year.

Separately, analysts at Canaccord Genuity cut their price target on shares of Digi International to $9.00 in a research note on Friday, July 25th.

Digi International Inc (NASDAQ:DGII) is a provider of machine-to-machine (M2M) networking hardware and solutions that enables the connection, monitoring and control of local or remote physical assets by electronic means.

To view Zacks’ full report, visit Zacks’ official website.

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