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

Equities researchers at StockNews.com began coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

DGLY opened at $1.02 on Friday. The company has a 50 day simple moving average of $1.07 and a two-hundred day simple moving average of $1.89. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market cap of $2.94 million, a P/E ratio of -0.12 and a beta of 0.86. Digital Ally has a 1-year low of $0.84 and a 1-year high of $3.29.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Friday, August 16th. The scientific and technical instruments company reported ($1.74) earnings per share for the quarter. Digital Ally had a negative return on equity of 197.62% and a negative net margin of 85.23%. The firm had revenue of $5.62 million during the quarter.

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.