Begins Coverage on Digital Ally (NASDAQ:DGLY) initiated coverage on shares of Digital Ally (NASDAQ:DGLYFree Report) in a report published on Friday. The brokerage issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Down 1.9 %

NASDAQ:DGLY opened at $2.09 on Friday. The firm has a 50-day moving average of $2.45 and a two-hundred day moving average of $3.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.80 and a quick ratio of 0.62. Digital Ally has a 1-year low of $2.00 and a 1-year high of $7.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Digital Ally stock. BlackRock Inc. raised its stake in Digital Ally, Inc. (NASDAQ:DGLYFree Report) by 159.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 4.56% of Digital Ally worth $1,121,000 as of its most recent SEC filing. 7.64% of the stock is owned by institutional investors and hedge funds.

About Digital Ally

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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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