Digital Ally (NASDAQ:KUST) Releases Earnings Results

Digital Ally (NASDAQ:KUST) posted its quarterly earnings results on Tuesday. The company reported ($5.13) EPS for the quarter, Zacks reports. Digital Ally had a negative return on equity of 277.67% and a negative net margin of 96.36%.

Digital Ally Trading Down 1.8%

Digital Ally stock traded down $0.06 during mid-day trading on Tuesday, hitting $3.36. The company’s stock had a trading volume of 18,076 shares, compared to its average volume of 227,168. The business has a fifty day moving average price of $5.18. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.18 million, a price-to-earnings ratio of -0.02 and a beta of 1.35. Digital Ally has a 1 year low of $2.85 and a 1 year high of $259.50.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Digital Ally from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings downgraded shares of Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Digital Ally has an average rating of “Sell”.

Digital Ally Company Profile

Digital Ally, Inc historically developed and sold video-recording, security and public-safety technology. Its products included body-worn cameras, in-car video systems, fleet and asset-tracking solutions, and related software designed to help law-enforcement agencies, commercial fleets and other organizations capture, manage and preserve digital evidence.

The company also offered cloud-based evidence-management and video-storage services, as well as products used for workforce monitoring and safety applications.