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

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

Digital Ally Trading Up 19.7 %

Shares of Digital Ally stock opened at $0.04 on Monday. 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 market capitalization of $361,920.00, a P/E ratio of -0.01 and a beta of 1.33. Digital Ally has a 1 year low of $0.02 and a 1 year high of $3.29. The company’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.41.

Institutional Trading of Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new position in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to 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 approximately 6.09% of Digital Ally at the end of the most recent quarter. 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.