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

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

Digital Ally Trading Down 2.8 %

Shares of DGLY opened at $2.10 on Wednesday. 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 $5.88 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Digital Ally stock. BlackRock Inc. increased its stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) by 159.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457,820 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,512,005 shares during the quarter. BlackRock Inc. owned approximately 4.56% of Digital Ally worth $1,121,000 at the end of the most recent reporting period. 4.19% of the stock is currently owned by institutional investors and hedge funds.

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.