StockNews.com Begins Coverage on Digital Ally (NASDAQ:DGLY)

Equities researchers at StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

Shares of DGLY opened at $0.06 on Monday. The stock has a market cap of $603,840.00, a P/E ratio of -0.01 and a beta of 0.85. Digital Ally has a 1 year low of $0.06 and a 1 year high of $3.29. The stock’s 50-day moving average price is $0.30 and its two-hundred day moving average price is $0.72. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61.

Digital Ally (NASDAQ:DGLY) last announced 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 Trading of Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP acquired a new stake in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to its most recent filing with the SEC. 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 SEC. 4.19% of the stock is currently owned by hedge funds and other 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.