Digital Ally (NASDAQ:DGLY) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note released on Thursday. The brokerage issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

Shares of DGLY opened at $0.03 on Thursday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.44 and a current ratio of 0.52. The firm has a market capitalization of $326,400.00, a PE ratio of -0.01 and a beta of 1.06. The stock has a 50 day simple moving average of $0.14 and a 200 day simple moving average of $0.58. Digital Ally has a 52-week low of $0.03 and a 52-week high of $3.29.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share 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 bought a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. 4.19% of the stock is currently owned by institutional investors and hedge funds.

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.