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

Research analysts at StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report issued on Saturday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Down 13.2 %

DGLY stock opened at $0.03 on Friday. Digital Ally has a 1-year low of $0.02 and a 1-year high of $3.29. The stock has a market cap of $264,000.00, a P/E ratio of 0.00 and a beta of 1.33. The stock’s fifty day simple moving average is $0.08 and its two-hundred day simple moving average is $0.49. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61.

Institutional Trading of Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned about 6.09% of Digital Ally as of its most recent SEC filing. 4.19% of the stock is owned by institutional investors and hedge funds.

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.