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

StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note released on Wednesday. The brokerage issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

Shares of DGLY opened at $0.04 on Wednesday. The stock has a 50-day moving average of $0.73 and a two-hundred day moving average of $6.78. Digital Ally has a one year low of $0.03 and a one year high of $65.80. 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 stock has a market cap of $20,160.00, a P/E ratio of -0.01 and a beta of 1.29.

Institutional Trading of Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP purchased a new position in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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.