Digital Ally (NASDAQ:KUST) Releases Quarterly Earnings Results

Digital Ally (NASDAQ:KUST) announced its earnings results on Friday. The company reported ($4.58) earnings per share (EPS) for the quarter, Zacks reports. Digital Ally had a negative return on equity of 212.14% and a negative net margin of 112.61%.

Digital Ally Stock Performance

KUST traded down $0.15 during trading on Friday, hitting $1.22. The stock had a trading volume of 885,196 shares, compared to its average volume of 2,925,554. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.99. The stock has a market capitalization of $765,450.00, a P/E ratio of -0.02 and a beta of 1.32. Digital Ally has a twelve month low of $0.85 and a twelve month high of $36.90.

Insider Buying and Selling at Digital Ally

In other news, major shareholder Financial Lp Hrt sold 54,638 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72. Following the transaction, the insider directly owned 17,869 shares in the company, valued at $25,731.36. The trade was a 75.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KUST has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Digital Ally to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.