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

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

Digital Ally Price Performance

Shares of NASDAQ:DGLY opened at $0.04 on Friday. The firm has a 50 day simple moving average of $0.10 and a 200 day simple moving average of $0.55. The company has a market cap of $336,000.00, a price-to-earnings ratio of -0.01 and a beta of 1.07. Digital Ally has a one year low of $0.02 and a one year high of $3.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44.

Hedge Funds Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP acquired a new stake in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 and hedge funds.

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.