Digital Ally (DGLY) Lifted to “Hold” at Zacks Investment Research

Digital Ally (NASDAQ:DGLY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Digital Ally was created to supply technology based products to the law enforcement and security industry. While their main concentration is in the development and application of new concepts, they also recognize the value of retrofitting existing installations with cost-effective digital sub-systems. This flexibility allows to compete in established markets as they simultaneously promote the industry’s transition towards advanced technologies. “

A number of other analysts have also commented on DGLY. Maxim Group lowered Digital Ally from a “buy” rating to a “hold” rating and set a $4.00 price target on the stock. in a report on Friday, April 13th. ValuEngine upgraded Digital Ally from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Westpark Capital reiterated a “buy” rating and set a $5.00 price target on shares of Digital Ally in a report on Monday.

Digital Ally traded up $0.07, reaching $2.57, during mid-day trading on Thursday, reports. 32,300 shares of the company’s stock were exchanged, compared to its average volume of 54,339. The firm has a market capitalization of $17.83 million, a P/E ratio of -1.71 and a beta of 2.52. Digital Ally has a one year low of $1.70 and a one year high of $4.95.

Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings results on Tuesday, May 15th. The scientific and technical instruments company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.15. The business had revenue of $2.47 million for the quarter. Digital Ally had a negative return on equity of 531.26% and a negative net margin of 108.35%. research analysts anticipate that Digital Ally will post -0.41 EPS for the current fiscal year.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car digital audio/video recorder that is contained in a rear view mirror for law enforcement vehicles and commercial fleets; and hands-free automatic activated body-worn cameras and in-car video systems, as well as provides its law enforcement customers with audio/video surveillance from multiple vantage points.

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