StockNews.com Begins Coverage on Digital Ally (NASDAQ:DGLY)

Analysts at StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

Shares of DGLY stock opened at $0.09 on Friday. The firm’s 50-day simple moving average is $0.34 and its two-hundred day simple moving average is $0.76. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.44 and a current ratio of 0.52. Digital Ally has a 52 week low of $0.07 and a 52 week high of $3.29. The firm has a market cap of $737,848.80, a price-to-earnings ratio of -0.01 and a beta of 0.85.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) EPS for the quarter. Digital Ally had a negative net margin of 93.21% and a negative return on equity of 407.65%.

Institutional Trading of Digital Ally

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