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

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

Digital Ally Stock Performance

Shares of DGLY stock opened at $0.56 on Tuesday. The firm’s 50 day moving average is $0.99 and its 200 day moving average is $1.74. The stock has a market capitalization of $2.16 million, a P/E ratio of -0.08 and a beta of 0.87. Digital Ally has a 12 month low of $0.56 and a 12 month high of $3.29. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.61.

Digital Ally (NASDAQ:DGLY) last posted its earnings results 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 company had revenue of $5.62 million for the quarter.

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.