StockNews.com Initiates Coverage on Digital Ally (NASDAQ:DGLY)

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

Digital Ally Trading Up 0.7 %

Shares of DGLY opened at $1.47 on Thursday. The stock has a market capitalization of $4.23 million, a P/E ratio of -0.18 and a beta of 0.87. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $2.31. Digital Ally has a twelve month low of $0.84 and a twelve month high of $3.75.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Friday, May 17th. The scientific and technical instruments company reported ($1.37) earnings per share (EPS) for the quarter. Digital Ally had a negative return on equity of 155.99% and a negative net margin of 89.17%. The firm had revenue of $5.53 million during the quarter.

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.