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

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

Digital Ally Stock Down 2.8 %

NASDAQ DGLY opened at $0.04 on Friday. Digital Ally has a 52 week low of $0.02 and a 52 week high of $3.29. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $336,000.00, a P/E ratio of -0.01 and a beta of 1.07. The stock’s 50-day moving average price is $0.10 and its 200-day moving average price is $0.54.

Institutional Trading of Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new position in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 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 filing with the SEC. 4.19% of the stock is currently owned by institutional investors.

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.