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

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

Digital Ally Stock Up 1.9 %

Shares of NASDAQ DGLY opened at $0.07 on Wednesday. The firm has a market cap of $684,480.00, a PE ratio of -0.01 and a beta of 1.06. The company has a 50 day simple moving average of $0.19 and a 200 day simple moving average of $0.63. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44. Digital Ally has a 1 year low of $0.06 and a 1 year high of $3.29.

Digital Ally (NASDAQ:DGLY) last released its 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

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. 4.19% of the stock is owned by hedge funds and other 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.