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

Equities researchers at StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY – Get Rating) in a research note issued on Thursday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Separately, EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $15.00 target price on shares of Digital Ally in a research note on Wednesday, April 5th.

Digital Ally Price Performance

DGLY stock opened at $3.59 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 1.23. The business has a 50-day moving average price of $3.65 and a 200 day moving average price of $4.96. Digital Ally has a 1-year low of $3.09 and a 1-year high of $22.20.

Institutional Trading of Digital Ally

An institutional investor recently raised its position in Digital Ally stock. Virtu Financial LLC increased its position in shares of Digital Ally, Inc. (NASDAQ:DGLY – Get Rating) by 449.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,945 shares of the scientific and technical instruments company’s stock after acquiring an additional 61,305 shares during the period. Virtu Financial LLC owned about 0.15% of Digital Ally worth $59,000 at the end of the most recent quarter. Institutional investors and hedge funds own 13.89% of the company’s stock.

Digital Ally Company Profile

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Digital Ally, Inc engages in the design, manufacture, and sale of digital audio, video recording, and speed detection devices. Its products include in-car camera systems, body-worn camera, mirrored in-car and vehicle video system, and portable surveillance system. The company was founded on December 13, 2000 and is headquartered in Lenexa, KS.