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

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a research report sent to investors on Friday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Trading Down 1.9 %

NASDAQ:DGLY opened at $2.09 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.80 and a quick ratio of 0.62. Digital Ally has a 12-month low of $2.00 and a 12-month high of $7.59. The firm has a 50-day moving average price of $2.45 and a 200 day moving average price of $3.36.

Hedge Funds Weigh In On Digital Ally

An institutional investor recently raised its position in Digital Ally stock. Virtu Financial LLC boosted its stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) by 449.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter. Virtu Financial LLC owned 0.15% of Digital Ally worth $59,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.64% 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.