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

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

Digital Ally Stock Down 1.5%

DGLY opened at $0.04 on Wednesday. The company has a market cap of $19,200.00, a P/E ratio of -0.01 and a beta of 1.29. The business’s 50-day moving average price is $0.67 and its 200-day moving average price is $6.50. 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 12 month low of $0.03 and a 12 month high of $65.80.

Institutional Trading of Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP acquired a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 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 as of its most recent filing with the SEC. Institutional investors 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.