Digital Ally (NASDAQ:DGLY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report released on Wednesday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

DGLY stock opened at $0.07 on Wednesday. The firm has a 50 day moving average of $0.19 and a 200-day moving average of $0.63. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61. Digital Ally has a 12 month low of $0.06 and a 12 month high of $3.29. The firm has a market capitalization of $672,000.00, a P/E ratio of -0.01 and a beta of 1.06.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) EPS for the quarter. Digital Ally had a negative net margin of 93.21% and a negative return on equity of 407.65%.

Institutional Investors Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned about 6.09% of Digital Ally at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.19% of the company’s stock.

Digital Ally Company Profile

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.