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Stock Investors Sell Off Shares of Digi International, Down 2.4%

Published on Wed, 06/12/2013 - 12:28
By Peter Chu

Digi International (NASDAQ:DGII), a company whose shares are moving quickly, is trading 2.4% lower to $9.51. The Dow is down 0.4% to 15,060 and the S&P is currently down 0.5% to 1,619.

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 8.7% for shares of Digi International based on a current price of $9.51 and an average consensus analyst price target of $10.33. Digi International shares should encounter resistance at the 200-day moving average (MA) of $9.70 and support at the 50-day MA of $9.28.

In the past 52 weeks, shares of Digi International have traded between a low of $8.12 and a high of $15.39 and are now at $9.51, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

By Peter Chu
pchu@fnno.com