Digi Intl (NASDAQ:DGII) Change of Rating

New York-listed Digi Intl (NASDAQ:DGII), was raised by analysts at Sidoti. The firm raised its rating on the $278.67 million market cap company to “Buy” from a previous “Neutral”.

This stock rating upgrade is welcomed by investors, as NASDAQ:DGII is at the moment trading 3.79% higher at $10.07 as of 8:24 AM New York time. Digi Intl shares have [From2] 0% in the past 200 days, while the S&P500 Index has added 6.00% during the same time.

Institutional Ownership

Punch & Associates Investment Management Inc. had the biggest stake with ownership of 1.07M shares as of Q2 2015 for 1.31% of the fund portfolio. Edgepoint Investment Group Inc. is another notably bullish institutional investor who is owning 2.23M shares of Digi Intl or 0.42% of their fund portfolio. Furthermore, Riverbridge Partners Llc have 0.42% of their fund portfolio invested in the company for 1.85M shares. The California-based fund Globeflex Capital L P revealed it had purchased so far a stake worth about 0.1% of the institutional investor’s stock portfolio in Digi Intl. The New York-based fund Value Holdings Lp is also positive about the stock, possessing 33,592 shares or 0.09% of their fund portfolio.

Digi Intl (NASDAQ:DGII) 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.

Digi Intl (NASDAQ:DGII) traded up 3.79% on 23 May, hitting $10.07. A total of 161,774 shares of the company’s stock traded hands. This is up from average of 88,869 shares. Digi Intl has a 52 week low of $9.00 and a 52 week high of $14.15. The company has a market cap of $278.67 million and a P/E ratio of 22.76.

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