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

Equities researchers at StockNews.com started coverage on shares of Digital Ally (NASDAQ:DGLY) in a report issued on Sunday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

NASDAQ DGLY opened at $0.08 on Friday. The company has a market cap of $650,100.00, a P/E ratio of -0.01 and a beta of 0.85. 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 stock has a 50-day moving average of $0.36 and a two-hundred day moving average of $0.76. Digital Ally has a 1-year low of $0.07 and a 1-year high of $3.29.

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

Hedge Funds Weigh In On Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP bought a new stake in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to its most recent disclosure with the 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 approximately 6.09% of Digital Ally at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.19% of the company’s stock.

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.