Digital Ally (NASDAQ:DGLY) Now Covered by Analysts at StockNews.com

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

Digital Ally Stock Performance

Shares of DGLY opened at $0.04 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. Digital Ally has a 12 month low of $0.02 and a 12 month high of $3.29. The company’s fifty day moving average is $0.10 and its 200-day moving average is $0.55. The firm has a market cap of $336,000.00, a price-to-earnings ratio of -0.01 and a beta of 1.07.

Hedge Funds 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) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 currently owned by institutional investors and hedge funds.

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.