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

Equities research analysts at StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLYGet Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

NASDAQ:DGLY opened at $2.11 on Tuesday. The firm’s fifty day moving average is $2.04 and its two-hundred day moving average is $2.53. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.02. Digital Ally has a one year low of $1.73 and a one year high of $5.79.

Digital Ally (NASDAQ:DGLYGet Free Report) last issued its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported ($1.32) EPS for the quarter. The company had revenue of $6.34 million during the quarter. Digital Ally had a negative return on equity of 102.78% and a negative net margin of 89.51%.

Institutional Investors Weigh In On Digital Ally

A hedge fund recently raised its stake in Digital Ally stock. Virtu Financial LLC raised its position in shares of Digital Ally, Inc. (NASDAQ:DGLYFree Report) by 449.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,945 shares of the scientific and technical instruments company’s stock after acquiring an additional 61,305 shares during the quarter. Virtu Financial LLC owned approximately 0.15% of Digital Ally worth $59,000 as of its most recent SEC filing. 7.64% of the stock is owned by institutional investors.

Digital Ally Company Profile

(Get Free Report)

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.

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