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

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

Digital Ally Stock Up 31.9 %

Shares of DGLY opened at $0.05 on Thursday. Digital Ally has a 1 year low of $0.03 and a 1 year high of $3.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44. The stock has a 50 day simple moving average of $0.16 and a two-hundred day simple moving average of $0.60. The firm has a market cap of $456,000.00, a P/E ratio of -0.01 and a beta of 1.06.

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

Institutional Investors Weigh In On Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP acquired a new position in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned 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.