Digital Ally (NASDAQ:DGLY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a report released on Monday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

DGLY opened at $0.06 on Monday. The company has a market capitalization of $603,840.00, a price-to-earnings ratio of -0.01 and a beta of 0.85. The business’s 50-day moving average price is $0.30 and its two-hundred day moving average price is $0.72. Digital Ally has a 1 year low of $0.06 and a 1 year high of $3.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP purchased a new position in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 at the end of the most recent reporting period. 4.19% of the stock is owned by hedge funds and other institutional investors.

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.