Digital Ally Inc. (DGLY) Shares Up 12.6%
Digital Ally Inc. (NASDAQ:DGLY) shares shot up 12.6% during trading on Wednesday . The stock traded as high as $6.10 and last traded at $5.89, with a volume of 1,708,014 shares trading hands. The stock had previously closed at $5.23.
Several brokerages have commented on DGLY. Zacks Investment Research upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a research report on Tuesday. Roth Capital upgraded shares of Digital Ally to a “hold” rating in a research report on Thursday, May 12th.
The stock has a 50-day moving average of $4.05 and a 200 day moving average of $4.91. The company’s market capitalization is $29.07 million.
Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. The firm had revenue of $4.41 million for the quarter, compared to the consensus estimate of $5.40 million. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts predict that Digital Ally Inc. will post ($0.76) EPS for the current fiscal year.
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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