Digital Ally Inc. (DGLY) Shares Gap Up to $4.13
Digital Ally Inc. (NASDAQ:DGLY) shares gapped up prior to trading on Friday . The stock had previously closed at $3.71, but opened at $4.13. Digital Ally shares last traded at $6.62, with a volume of 9,093,658 shares.
DGLY has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Digital Ally from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Roth Capital reaffirmed 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 capitalization is $35.11 million. The company’s 50 day moving average is $3.82 and its 200 day moving average is $4.95.
Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.34) earnings per share 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 analysts’ expectations of $5.40 million. Digital Ally’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Digital Ally Inc. will post ($0.87) 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.