Digital Ally (NASDAQ:DGLY) Now Covered by StockNews.com

StockNews.com started coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report report published on Sunday. The brokerage issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

Shares of NASDAQ:DGLY opened at $0.09 on Friday. The company has a market cap of $709,470.00, a PE ratio of -0.01 and a beta of 0.85. Digital Ally has a fifty-two week low of $0.07 and a fifty-two week high of $3.29. The firm has a 50-day simple moving average of $0.33 and a 200 day simple moving average of $0.75. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61.

Digital Ally (NASDAQ:DGLY) last posted its earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) EPS for the quarter. Digital Ally had a negative net margin of 93.21% and a negative return on equity of 407.65%.

Institutional Investors Weigh In On Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP purchased a new position in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned about 6.09% of Digital Ally as of its most recent filing with the Securities & Exchange Commission. 4.19% of the stock is owned by institutional investors.

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.