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

StockNews.com started coverage on shares of Digital Ally (NASDAQ:DGLYGet Free Report) in a research note issued on Monday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Down 1.9 %

Shares of NASDAQ:DGLY opened at $2.52 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.02. Digital Ally has a twelve month low of $1.73 and a twelve month high of $5.79. The stock’s 50 day moving average is $2.25 and its 200-day moving average is $2.23.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Digital Ally stock. Virtu Financial LLC raised its holdings in Digital Ally, Inc. (NASDAQ:DGLYFree Report) by 449.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,945 shares of the scientific and technical instruments company’s stock after purchasing an additional 61,305 shares during the quarter. Virtu Financial LLC owned 0.15% of Digital Ally worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.19% of the stock is owned by institutional investors.

Digital Ally Company Profile

(Get Free Report)

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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