Digital Ally (NASDAQ:KUST) Issues Quarterly Earnings Results

Digital Ally (NASDAQ:KUST) posted its quarterly earnings results on Tuesday. The company reported ($5.13) earnings per share (EPS) for the quarter, Zacks reports. Digital Ally had a negative net margin of 96.36% and a negative return on equity of 277.67%.

Digital Ally Trading Down 1.5%

Shares of KUST traded down $0.05 during midday trading on Tuesday, hitting $3.37. The stock had a trading volume of 18,651 shares, compared to its average volume of 227,195. The stock’s 50-day moving average price is $5.18. The company has a market capitalization of $2.19 million, a price-to-earnings ratio of -0.02 and a beta of 1.35. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.25. Digital Ally has a fifty-two week low of $2.85 and a fifty-two week high of $259.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KUST shares. Wall Street Zen raised Digital Ally from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings lowered Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Digital Ally Company Profile

Digital Ally, Inc. historically developed and sold video-recording, security and public-safety technology. Its products included body-worn cameras, in-car video systems, fleet and asset-tracking solutions, and related software designed to help law-enforcement agencies, commercial fleets and other organizations capture, manage and preserve digital evidence. The company also offered cloud-based evidence-management and video-storage services, as well as products used for workforce monitoring and safety applications.