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

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLYFree Report) in a research note published on Sunday morning. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Trading Down 2.1 %

NASDAQ DGLY opened at $3.00 on Friday. The company has a market capitalization of $8.64 million, a PE ratio of -0.36 and a beta of 0.79. The company has a fifty day moving average of $2.48 and a 200 day moving average of $2.25. Digital Ally has a 1 year low of $1.73 and a 1 year high of $5.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.52.

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

Digital Ally Company Profile

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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.

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