Digital Ally Inc. (DGLY) Shares Up 5%
Digital Ally Inc. (NASDAQ:DGLY) shot up 5% on Wednesday . The stock traded as high as $6.34 and last traded at $6.11, with a volume of 807,183 shares trading hands. The stock had previously closed at $5.82.
Several brokerages have recently weighed in on DGLY. Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Roth Capital reissued a “neutral” rating and issued a $6.00 price target on shares of Digital Ally in a research note on Monday, May 9th.
The firm’s market cap is $32.07 million. The company’s 50 day moving average is $4.29 and its 200 day moving average is $4.88.
Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings data 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 company earned $4.41 million during the quarter, compared to the consensus estimate of $5.40 million. Digital Ally’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts forecast that Digital Ally Inc. will post ($0.76) earnings per share for the current 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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