Digital Ally (NASDAQ:DGLY) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note issued to investors on Wednesday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

NASDAQ DGLY opened at $2.19 on Wednesday. The stock has a market cap of $6.13 million, a PE ratio of -0.24 and a beta of 0.81. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 0.42. Digital Ally has a twelve month low of $1.73 and a twelve month high of $5.79. The stock has a fifty day simple moving average of $2.32 and a 200-day simple moving average of $2.23.

Hedge Funds Weigh In On Digital Ally

An institutional investor recently raised its position in Digital Ally stock. Virtu Financial LLC raised its stake in Digital Ally, Inc. (NASDAQ:DGLY) by 449.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,945 shares of the scientific and technical instruments company’s stock after purchasing an additional 61,305 shares during the period. Virtu Financial LLC owned about 0.15% of Digital Ally worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.19% of the stock is currently owned by institutional investors and hedge funds.

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.