StockNews.com Initiates Coverage on Digital Ally (NASDAQ:DGLY)

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

Digital Ally Stock Up 4.0 %

DGLY opened at $0.03 on Friday. The company has a market cap of $250,560.00, a P/E ratio of 0.00 and a beta of 1.33. Digital Ally has a 12 month low of $0.02 and a 12 month high of $3.29. The business’s 50-day moving average price is $0.06 and its 200-day moving average price is $0.45. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP purchased a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 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 as of its most recent SEC filing. 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.