Digital Ally (NASDAQ:KUST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Digital Ally (NASDAQ:KUST) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings downgraded shares of Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Digital Ally Price Performance

KUST opened at $0.94 on Friday. The company has a market cap of $6.10 million, a P/E ratio of -0.06 and a beta of 1.32. Digital Ally has a 1 year low of $0.85 and a 1 year high of $36.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.78.

Digital Ally (NASDAQ:KUST) last posted its quarterly earnings results on Friday, August 14th. The company reported ($4.58) EPS for the quarter. The business had revenue of $5.38 million during the quarter. Digital Ally had a negative net margin of 96.36% and a negative return on equity of 277.67%.

Insider Activity

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

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.