Digital Ally (NASDAQ:KUST) Releases Earnings Results

Digital Ally (NASDAQ:KUST) announced its quarterly earnings data on Friday. The company reported ($4.58) earnings per share for the quarter, Zacks reports. The firm had revenue of $5.38 million for the quarter. Digital Ally had a negative net margin of 112.61% and a negative return on equity of 212.14%.

Digital Ally Stock Down 10.2%

Shares of KUST stock opened at $1.23 on Friday. The firm has a market capitalization of $774,900.00, a P/E ratio of -0.02 and a beta of 1.32. Digital Ally has a 52 week low of $0.85 and a 52 week high of $36.90. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other Digital Ally news, major shareholder Financial Lp Hrt sold 54,638 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the transaction, the insider directly owned 17,869 shares in the company, valued at approximately $25,731.36. This represents a 75.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KUST. Weiss Ratings raised shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Wall Street Zen raised Digital Ally to a “sell” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Digital Ally currently has an average rating of “Sell”.

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.