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

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

Digital Ally Trading Up 0.1 %

Shares of Digital Ally stock opened at $0.08 on Tuesday. 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 company’s 50-day simple moving average is $0.23 and its 200-day simple moving average is $0.67. The firm has a market cap of $762,240.00, a price-to-earnings ratio of -0.01 and a beta of 1.06. Digital Ally has a 52-week low of $0.06 and a 52-week high of $3.29.

Digital Ally (NASDAQ:DGLY) last announced its quarterly 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 net margin of 93.21% and a negative return on equity of 407.65%.

Institutional Trading of Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP acquired a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 quarter. Institutional investors and hedge funds own 4.19% of the company’s stock.

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.