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

Research analysts at StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

DGLY opened at $0.56 on Tuesday. Digital Ally has a fifty-two week low of $0.56 and a fifty-two week high of $3.29. The firm has a 50-day moving average of $0.99 and a 200 day moving average of $1.74. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.43 and a current ratio of 0.51. The firm has a market cap of $2.16 million, a P/E ratio of -0.08 and a beta of 0.87.

Digital Ally (NASDAQ:DGLY) last released its earnings results on Friday, August 16th. The scientific and technical instruments company reported ($1.74) earnings per share for the quarter. Digital Ally had a negative net margin of 85.23% and a negative return on equity of 197.62%. The company had revenue of $5.62 million for 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.