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

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a report released on Thursday morning. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

DGLY stock opened at $0.04 on Thursday. The firm has a 50 day moving average of $0.15 and a 200-day moving average of $0.59. Digital Ally has a 12-month low of $0.03 and a 12-month high of $3.29. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61. The company has a market cap of $411,840.00, a price-to-earnings ratio of -0.01 and a beta of 1.06.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share for the quarter. Digital Ally had a negative net margin of 93.21% and a negative return on equity of 407.65%.

Institutional Investors Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP purchased a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 6.09% of Digital Ally at the end of the most recent reporting period. 4.19% of the stock is owned by institutional investors.

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.