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

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

Digital Ally Stock Down 20.7 %

Shares of NASDAQ DGLY opened at $0.03 on Thursday. The firm has a market cap of $326,400.00, a P/E ratio of -0.01 and a beta of 1.06. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.44 and a current ratio of 0.52. Digital Ally has a 1 year low of $0.03 and a 1 year high of $3.29. The firm’s 50 day moving average price is $0.14 and its 200 day moving average price is $0.58.

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 (EPS) for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

Hedge Funds 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 shares of Digital Ally, Inc. (NASDAQ:DGLY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 6.09% of Digital Ally as of its most recent SEC filing. 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.