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

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

Digital Ally Price Performance

Shares of DGLY opened at $0.07 on Wednesday. The company has a market capitalization of $643,200.00, a P/E ratio of -0.01 and a beta of 1.06. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. The firm has a 50 day moving average of $0.18 and a 200 day moving average of $0.62. Digital Ally has a twelve month low of $0.06 and a twelve month high of $3.29.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share (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

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP purchased a new position in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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. Institutional investors and hedge funds 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.