Digital Ally (NASDAQ:DGLY) Announces Quarterly Earnings Results

Digital Ally (NASDAQ:DGLY) announced its quarterly earnings results on Monday. The scientific and technical instruments company reported ($0.91) earnings per share for the quarter, Zacks reports. Digital Ally had a negative net margin of 85.23% and a negative return on equity of 197.62%.

Digital Ally Stock Performance

Shares of DGLY stock opened at $0.52 on Tuesday. The stock’s 50-day moving average is $0.78 and its two-hundred day moving average is $1.26. Digital Ally has a 1 year low of $0.48 and a 1 year high of $3.29. The firm has a market cap of $2.54 million, a price-to-earnings ratio of -0.07 and a beta of 0.82. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.43 and a current ratio of 0.51.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Digital Ally in a research note on Sunday. They set a “sell” rating on the stock.

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.