Digital Ally (NASDAQ:DGLY) Shares Pass Above 50 Day Moving Average of $1.97

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Shares of Digital Ally, Inc. (NASDAQ:DGLY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.97 and traded as high as $1.31. Digital Ally shares last traded at $1.31, with a volume of 203 shares traded.

Separately, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

The business has a 50-day moving average of $1.97.

Digital Ally (NASDAQ:DGLY) last posted its earnings results on Wednesday, May 15th. The scientific and technical instruments company reported ($0.29) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.21. The business had revenue of $2.55 million for the quarter.

A hedge fund recently bought a new stake in Digital Ally stock. Sanders Morris Harris LLC acquired a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,000 shares of the scientific and technical instruments company’s stock, valued at approximately $74,000. Sanders Morris Harris LLC owned about 0.18% of Digital Ally as of its most recent filing with the SEC. 5.60% of the stock is owned by institutional investors.

About Digital Ally (NASDAQ:DGLY)

Digital Ally, Inc produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car digital audio/video recorder that is contained in a rear view mirror for law enforcement vehicles and commercial fleets; and hands-free automatic activated body-worn cameras and in-car video systems, as well as provides its law enforcement customers with audio/video surveillance from multiple vantage points.

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