Digital Ally (NASDAQ:DGLY) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed 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

Shares of NASDAQ DGLY opened at $0.08 on Tuesday. 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 business has a 50-day moving average of $0.24 and a 200-day moving average of $0.67. The stock has a market capitalization of $761,280.00, a price-to-earnings ratio of -0.01 and a beta of 1.06. Digital Ally has a fifty-two week low of $0.06 and a fifty-two week high of $3.29.

Digital Ally (NASDAQ:DGLY) last posted its quarterly 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 return on equity of 407.65% and a negative net margin of 93.21%.

Institutional Investors Weigh In On Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP acquired a new stake in Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned about 6.09% of Digital Ally as of its most recent SEC filing. 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.