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

Research analysts at StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

Shares of DGLY stock opened at $1.10 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.61. Digital Ally has a twelve month low of $0.84 and a twelve month high of $3.45. The company’s 50-day moving average price is $1.71 and its 200-day moving average price is $2.25. The stock has a market cap of $4.25 million, a price-to-earnings ratio of -0.13 and a beta of 0.87.

About Digital Ally

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.