Digi International Shares Fall 18% Following Fiscal Q4 Earnings Release
Digi International (DGII) experienced a significant sell-off in early trading on Thursday, with its stock price dropping approximately 18%. The decline followed the company's release of its fiscal fourth-quarter financial results. During the first hour of trading, the stock fell to $54.89, representing a loss of $12.07 per share compared to its previous close. The sharp downward movement reflects investor reaction to the quarterly report released after the November 11 market close.
Tickers: $DGII
Topics: earnings report fiscal fourth-quarter stock price drop