Digital Ally (NASDAQ:DGLY) Rating Increased to Hold at Wall Street Zen

Digital Ally (NASDAQ:DGLY) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued on Friday.

Digital Ally Stock Up 2.4%

Shares of NASDAQ DGLY opened at $2.58 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $12,900.00, a PE ratio of -0.39 and a beta of 1.29. The stock’s fifty day simple moving average is $40.76 and its two-hundred day simple moving average is $515.30. Digital Ally has a 12-month low of $1.93 and a 12-month high of $6,400.00.

Digital Ally (NASDAQ:DGLY) last announced its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $141.00 earnings per share (EPS) for the quarter. The business had revenue of $4.47 million for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

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) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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. Hedge funds and other institutional investors own 4.19% of the company’s stock.

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.