Digital Ally Inc./NV (NASDAQ:DGLY) Raised to Strong-Buy at Aegis

Digital Ally Inc./NV (NASDAQ:DGLY) was upgraded by Aegis to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Wall Street Zen upgraded Digital Ally Inc./NV to a “hold” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Digital Ally Inc./NV Stock Performance

DGLY opened at $1.7450 on Wednesday. The company has a market capitalization of $2.91 million, a price-to-earnings ratio of 0.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 1.08. Digital Ally Inc./NV has a 1-year low of $1.66 and a 1-year high of $2,420.00. The business has a 50 day moving average price of $2.10 and a two-hundred day moving average price of $63.01.

Digital Ally Inc./NV (NASDAQ:DGLY) last released its earnings results on Monday, August 18th. The scientific and technical instruments company reported ($3.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.43) by $1.22. Digital Ally Inc./NV had a negative return on equity of 538.11% and a negative net margin of 59.69%.The firm had revenue of $5.63 million during the quarter, compared to the consensus estimate of $5.60 million.

Institutional Trading of Digital Ally Inc./NV

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

Digital Ally Inc./NV 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.