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

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

Digital Ally Price Performance

Shares of DGLY stock opened at $1.01 on Wednesday. The firm has a fifty day moving average of $1.19 and a two-hundred day moving average of $2.06. The firm has a market cap of $2.91 million, a P/E ratio of -0.12 and a beta of 0.86. Digital Ally has a 1-year low of $0.84 and a 1-year high of $3.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.51 and a quick ratio of 0.43.

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

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.