Digital Ally Inc./NV (NASDAQ:DGLY) Upgraded at Aegis

Aegis upgraded shares of Digital Ally Inc./NV (NASDAQ:DGLY) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Digital Ally Inc./NV to a “hold” rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Digital Ally Inc./NV Stock Up 6.9%

DGLY stock opened at $1.87 on Wednesday. Digital Ally Inc./NV has a 12-month low of $1.66 and a 12-month high of $2,420.00. The company has a quick ratio of 1.08, a current ratio of 1.01 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.12 million, a price-to-earnings ratio of 0.00 and a beta of 0.73. The company has a 50 day moving average of $2.08 and a two-hundred day moving average of $60.21.

Digital Ally Inc./NV (NASDAQ:DGLY) last released its earnings results on Monday, August 18th. The scientific and technical instruments company reported ($3.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.43) by $1.22. Digital Ally Inc./NV had a negative net margin of 59.69% and a negative return on equity of 538.11%. The company had revenue of $5.63 million during the quarter, compared to the consensus estimate of $5.60 million.

Institutional Inflows and Outflows

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

Digital Ally Inc./NV 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.