Digital Ally (NASDAQ:DGLY) Now Covered by Analysts at StockNews.com

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

Digital Ally Stock Performance

Shares of Digital Ally stock opened at $0.04 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. Digital Ally has a 52 week low of $0.03 and a 52 week high of $3.29. The firm’s 50 day moving average is $0.15 and its two-hundred day moving average is $0.59. The firm has a market capitalization of $411,840.00, a P/E ratio of -0.01 and a beta of 1.06.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings results 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 Inflows and Outflows

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP bought a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 4.19% of the stock is owned by institutional investors.

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.