Digital Ally Inc. (NASDAQ:DGLY) shares saw strong trading volume on Thursday . 1,017,305 shares changed hands during trading, an increase of 341% from the previous session’s volume of 230,848 shares.The stock last traded at $6.40 and had previously closed at $5.56.

Several research firms have weighed in on DGLY. Maxim Group began coverage on Digital Ally in a report on Thursday. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Roth Capital raised Digital Ally to a “hold” rating in a report on Thursday, May 12th.

The stock’s market cap is $33.72 million. The firm’s 50 day moving average is $5.35 and its 200-day moving average is $4.83.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings results on Friday, August 5th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.34. The company earned $4.40 million during the quarter, compared to analyst estimates of $5.85 million. The business’s quarterly revenue was down 21.4% on a year-over-year basis. On average, equities research analysts forecast that Digital Ally Inc. will post ($1.24) 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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