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

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

Digital Ally Price Performance

Digital Ally stock opened at $2.22 on Wednesday. Digital Ally has a 1-year low of $1.73 and a 1-year high of $5.79. The firm has a market capitalization of $6.20 million, a price-to-earnings ratio of -0.24 and a beta of 0.81. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $2.31 and a 200 day simple moving average of $2.23.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Digital Ally stock. Virtu Financial LLC raised its position in Digital Ally, Inc. (NASDAQ:DGLY) by 449.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,945 shares of the scientific and technical instruments company’s stock after purchasing an additional 61,305 shares during the period. Virtu Financial LLC owned 0.15% of Digital Ally worth $59,000 at the end of the most recent reporting period. 4.19% of the stock is owned by institutional investors.

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.