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

Equities researchers at StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note issued on Monday. 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 $0.75 on Monday. The business has a fifty day moving average of $1.03 and a 200 day moving average of $1.78. Digital Ally has a 1 year low of $0.74 and a 1 year high of $3.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market capitalization of $2.90 million, a price-to-earnings ratio of -0.11 and a beta of 0.87.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Friday, August 16th. The scientific and technical instruments company reported ($1.74) earnings per share (EPS) for the quarter. Digital Ally had a negative return on equity of 197.62% and a negative net margin of 85.23%. The firm had revenue of $5.62 million during the quarter.

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.