Digital Ally (NASDAQ:DGLY) Coverage Initiated by Analysts at StockNews.com

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

Digital Ally Stock Performance

NASDAQ:DGLY opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.52 and a current ratio of 0.69. Digital Ally has a 52-week low of $1.73 and a 52-week high of $5.79. The firm has a market cap of $5.83 million, a price-to-earnings ratio of -0.23 and a beta of 0.81. The business’s fifty day moving average is $2.32 and its 200 day moving average is $2.23.

Digital Ally (NASDAQ:DGLY) last announced its earnings results on Monday, April 1st. The scientific and technical instruments company reported ($2.67) earnings per share for the quarter. The business had revenue of $6.23 million during the quarter. Digital Ally had a negative return on equity of 123.47% and a negative net margin of 90.01%.

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.