ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Upgraded at Zacks Research

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

A number of other research firms have also weighed in on ADIG. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Saturday, August 29th. Evercore initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Monday, September 28th. They issued a “hold” rating and a $23.00 price target for the company. Weiss Ratings started coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Monday, October 26th. They issued a “sell (d)” rating for the company. Truist Financial initiated coverage on ADI Global Distribution Inc. Common Stock in a report on Wednesday, August 26th. They set a “hold” rating and a $24.00 target price for the company. Finally, Oppenheimer initiated coverage on ADI Global Distribution Inc. Common Stock in a research report on Tuesday, August 4th. They set an “outperform” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.25.

ADI Global Distribution Inc. Common Stock Stock Performance

Shares of NYSE:ADIG opened at $18.96 on Tuesday. ADI Global Distribution Inc. Common Stock has a 1 year low of $15.00 and a 1 year high of $30.99. The company’s 50 day simple moving average is $18.86. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.

Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.