Digital Ally (NASDAQ:DGLY) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report sent to investors on Wednesday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

Digital Ally stock opened at $0.07 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average of $0.18 and a 200-day moving average of $0.62. The firm has a market cap of $643,200.00, a P/E ratio of -0.01 and a beta of 1.06. Digital Ally has a 1-year low of $0.06 and a 1-year high of $3.29.

Digital Ally (NASDAQ:DGLY) last issued 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 return on equity of 407.65% and a negative net margin of 93.21%.

Institutional Trading of Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP bought a new stake in shares of 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 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 (SEC). Institutional investors and hedge funds own 4.19% of the company’s stock.

Digital Ally Company Profile

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.