Digital Ally (NASDAQ:DGLY) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Digital Ally (NASDAQ:DGLY – Get Rating) in a research note issued on Tuesday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

Shares of DGLY stock opened at $0.29 on Tuesday. The stock has a 50 day moving average of $0.29 and a two-hundred day moving average of $0.48. The company has a current ratio of 2.49, a quick ratio of 1.70 and a debt-to-equity ratio of 0.01. Digital Ally has a 12 month low of $0.21 and a 12 month high of $1.22. The company has a market capitalization of $15.63 million, a P/E ratio of -1.71 and a beta of 0.63.

Digital Ally (NASDAQ:DGLY – Get Rating) last announced its quarterly earnings data on Monday, November 14th. The scientific and technical instruments company reported ($0.04) EPS for the quarter. The firm had revenue of $8.48 million during the quarter. Digital Ally had a negative return on equity of 17.30% and a negative net margin of 21.32%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Digital Ally stock. BlackRock Inc. increased its stake in shares of Digital Ally, Inc. (NASDAQ:DGLY – Get Rating) by 159.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,457,820 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,512,005 shares during the period. BlackRock Inc. owned about 4.56% of Digital Ally worth $1,121,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 13.89% of the company’s stock.

About Digital Ally

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Digital Ally, Inc engages in the design, manufacture, and sale of digital audio, video recording, and speed detection devices. Its products include in-car camera systems, body-worn camera, mirrored in-car and vehicle video system, and portable surveillance system. The company was founded on December 13, 2000 and is headquartered in Lenexa, KS.