Digital Ally Inc. (NASDAQ:DGLY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Digital Ally was created to supply technology based products to the law enforcement and security industry. While their main concentration is in the development and application of new concepts, they also recognize the value of retrofitting existing installations with cost-effective digital sub-systems. This flexibility allows to compete in established markets as they simultaneously promote the industry’s transition towards advanced technologies. “

Separately, Maxim Group initiated coverage on Digital Ally in a research report on Thursday, August 18th. They set a “buy” rating and a $15.00 target price for the company.

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Digital Ally (NASDAQ:DGLY) traded down 0.71% during mid-day trading on Tuesday, reaching $5.57. The company had a trading volume of 27,655 shares. Digital Ally has a one year low of $3.51 and a one year high of $9.00. The stock has a 50 day moving average price of $5.91 and a 200 day moving average price of $4.90. The company’s market capitalization is $29.96 million.

Digital Ally (NASDAQ:DGLY) last announced its earnings results on Friday, August 5th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.34. The company had revenue of $4.40 million for the quarter, compared to the consensus estimate of $5.85 million. Digital Ally had a negative return on equity of 54.29% and a negative net margin of 52.88%. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. On average, equities analysts expect that Digital Ally will post ($1.34) earnings per share for the current fiscal year.

In other Digital Ally news, Director Elliot M. Kaplan sold 5,000 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $6.31, for a total transaction of $31,550.00. Following the completion of the sale, the director now directly owns 54,361 shares in the company, valued at approximately $343,017.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.20% of the company’s stock.

Digital Ally Company Profile

Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.

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