Digital Ally (NASDAQ:DGLY) Earns Sell Rating from Analysts at StockNews.com

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

Digital Ally Trading Down 3.7 %

Digital Ally stock opened at $0.07 on Wednesday. Digital Ally has a one year low of $0.06 and a one year high of $3.29. The company’s fifty day moving average price is $0.20 and its two-hundred day moving average price is $0.64. 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 company has a market capitalization of $676,800.00, a price-to-earnings ratio of -0.01 and a beta of 1.06.

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

Institutional Trading of Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP bought a new position in Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 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.