Digi International Inc. (NASDAQ:DGII) traded down 4.1% during trading on Tuesday . The company traded as low as $10.97 and last traded at $11.00, with a volume of 67,007 shares changing hands. The stock had previously closed at $11.47.

A number of equities research analysts recently commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $17.00 price objective on shares of Digi International in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of Digi International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Sidoti downgraded shares of Digi International from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 24th.

The stock has a market capitalization of $286.61 million, a PE ratio of 18.13 and a beta of 1.27. The company’s 50 day moving average price is $11.66 and its 200 day moving average price is $10.54.

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Digi International (NASDAQ:DGII) last released its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The company earned $52.13 million during the quarter, compared to the consensus estimate of $52.60 million. Digi International had a net margin of 7.58% and a return on equity of 4.23%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 EPS. Analysts forecast that Digi International Inc. will post $0.46 EPS for the current year.

Several large investors have recently added to or reduced their stakes in DGII. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Digi International by 22.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 94,696 shares of the company’s stock valued at $1,016,000 after buying an additional 17,319 shares during the last quarter. Arizona State Retirement System increased its stake in Digi International by 6.5% in the first quarter. Arizona State Retirement System now owns 13,141 shares of the company’s stock valued at $124,000 after buying an additional 800 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Digi International by 16.0% in the first quarter. Loomis Sayles & Co. L P now owns 648,580 shares of the company’s stock valued at $6,116,000 after buying an additional 89,656 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Digi International during the first quarter valued at $128,000. Finally, Geode Capital Management LLC increased its stake in Digi International by 23.1% in the first quarter. Geode Capital Management LLC now owns 251,163 shares of the company’s stock valued at $2,368,000 after buying an additional 47,067 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

About Digi International

Digi International Inc is a provider of Internet of Things (IoT) networking hardware products and solutions that enable the connection, monitoring and control of local or remote physical assets by electronic means. The Company’s products and solutions are deployed via both wired and, ever increasingly, wireless networks.

5 Day Chart for NASDAQ:DGII

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