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

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

Digital Ally Stock Performance

NASDAQ:DGLY opened at $0.04 on Friday. The stock has a 50 day simple moving average of $0.10 and a 200 day simple moving average of $0.54. The stock has a market cap of $336,000.00, a P/E ratio of -0.01 and a beta of 1.07. Digital Ally has a 1-year low of $0.02 and a 1-year high of $3.29. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61.

Institutional Investors Weigh In On Digital Ally

A hedge fund recently bought a new stake in Digital Ally stock. Anson Funds Management LP acquired a new position in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 SEC filing. 4.19% of the stock is currently owned by hedge funds and other 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.