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Shares of Digi International Under Pressure, Down 1.3%

Published on Wed, 02/06/2013 - 13:24
By Mallory Stone

Digi International (NASDAQ:DGII) is one of today's biggest movers, down 1.3% to $9.84. The Dow Jones Industrial Average is now trading fractionally higher to 13,986 and the S&P is trading fractionally higher to 1,512.

Digi International Inc. provides communications adapters that enable open systems, server-based applications. The Company also produces local area networking products. Digi markets its products through a global network of distributors, systems integrators, value added resellers, and original equipment manufacturers.

There is potential upside of 14.3% for shares of Digi International based on a current price of $9.84 and an average consensus analyst price target of $11.25. The stock should find initial support at its 200-day moving average (MA) of $9.71 and further support at its 50-day MA of $9.67.

Digi International share prices have moved between a 52-week high of $15.39 and a 52-week low of $8.12 and are now trading 21% above that low price at $9.84 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

By Mallory Stone
mstone@fnno.com