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

Analysts at StockNews.com assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Up 9.9 %

Shares of NASDAQ DGLY opened at $2.64 on Friday. Digital Ally has a 52-week low of $1.73 and a 52-week high of $5.79. The business’s 50 day moving average is $2.35 and its two-hundred day moving average is $2.22. The firm has a market cap of $7.39 million, a price-to-earnings ratio of -0.29 and a beta of 0.79. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 0.42.

Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings data on Monday, April 1st. The scientific and technical instruments company reported ($2.67) earnings per share (EPS) for the quarter. Digital Ally had a negative net margin of 90.01% and a negative return on equity of 123.47%. The firm had revenue of $6.23 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.