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

StockNews.com began coverage on shares of Digital Ally (NASDAQ:DGLY) in a research note published on Monday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Price Performance

Shares of NASDAQ:DGLY opened at $0.04 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61. Digital Ally has a 1 year low of $0.02 and a 1 year high of $3.29. The business has a fifty day simple moving average of $0.05 and a 200 day simple moving average of $0.41. The firm has a market cap of $339,840.00, a price-to-earnings ratio of -0.01 and a beta of 1.33.

Institutional Trading of Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP bought a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned approximately 6.09% of Digital Ally at the end of the most recent reporting period. Institutional investors and hedge funds 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.