Stock analysts at StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY – Get Free Report) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.
Digital Ally Price Performance
Digital Ally stock opened at $2.22 on Wednesday. Digital Ally has a 12-month low of $1.73 and a 12-month high of $5.79. The stock has a market cap of $6.20 million, a P/E ratio of -0.24 and a beta of 0.81. The company has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.23. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 0.42.
Institutional Investors Weigh In On Digital Ally
A hedge fund recently raised its stake in Digital Ally stock. BlackRock Inc. boosted its stake in shares of Digital Ally, Inc. (NASDAQ:DGLY – Free Report) by 159.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,457,820 shares of the scientific and technical instruments company’s stock after buying an additional 1,512,005 shares during the quarter. BlackRock Inc. owned 4.56% of Digital Ally worth $1,121,000 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.
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