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

Research analysts at StockNews.com began coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note issued on Wednesday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Performance

DGLY stock opened at $2.19 on Wednesday. The company has a market capitalization of $6.12 million, a PE ratio of -0.24 and a beta of 0.81. Digital Ally has a 12 month low of $1.73 and a 12 month high of $5.79. The firm’s 50-day moving average is $2.32 and its 200 day moving average is $2.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.69 and a quick ratio of 0.52.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Digital Ally stock. BlackRock Inc. lifted its position in Digital Ally, Inc. (NASDAQ:DGLY) by 159.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,457,820 shares of the scientific and technical instruments company’s stock after buying an additional 1,512,005 shares during the period. BlackRock Inc. owned approximately 4.56% of Digital Ally worth $1,121,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.19% of the company’s stock.

Digital Ally Company Profile

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.