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

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

Digital Ally Stock Performance

Shares of DGLY stock opened at $0.09 on Friday. The company’s fifty day moving average price is $0.33 and its two-hundred day moving average price is $0.75. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44. The firm has a market capitalization of $709,470.00, a P/E ratio of -0.01 and a beta of 0.85. Digital Ally has a 12 month low of $0.07 and a 12 month high of $3.29.

Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) 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

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP acquired a new position in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned approximately 6.09% of Digital Ally at the end of the most recent reporting period. 4.19% of the stock is currently owned by institutional investors.

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.