Digital Ally Inc. (DGLY) Shares Down 5.4%
Digital Ally Inc. (NASDAQ:DGLY) shares traded down 5.4% on Monday . The company traded as low as $5.70 and last traded at $5.83, with a volume of 297,537 shares trading hands. The stock had previously closed at $6.16.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Digital Ally from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Roth Capital upgraded Digital Ally to a “hold” rating in a report on Thursday, May 12th.
The company has a 50-day moving average of $4.44 and a 200-day moving average of $4.89. The company’s market cap is $30.18 million.
Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.11. The firm earned $4.41 million during the quarter, compared to analyst estimates of $5.40 million. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts expect 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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