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

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

Digital Ally Trading Down 13.0 %

Shares of NASDAQ:DGLY opened at $0.08 on Friday. The stock has a market capitalization of $424,151.00, a price-to-earnings ratio of -0.01 and a beta of 0.85. Digital Ally has a 1-year low of $0.07 and a 1-year high of $3.29. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.44 and a current ratio of 0.52. The company has a 50 day moving average price of $0.41 and a 200 day moving average price of $0.79.

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 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 acquired a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities & Exchange Commission. 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.