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

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

Digital Ally Price Performance

Digital Ally stock opened at $0.08 on Friday. The business has a 50 day simple moving average of $0.36 and a 200 day simple moving average of $0.76. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44. The company has a market capitalization of $650,347.50, a PE ratio of -0.01 and a beta of 0.85. Digital Ally has a one year low of $0.07 and a one year high of $3.29.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share (EPS) for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

Hedge Funds Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new stake in Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 6.09% of Digital Ally at the end of the most recent quarter. 4.19% of the stock is owned by hedge funds and other 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.