Digital Ally Inc. (DGLY) Trading Up 12.6%
Digital Ally Inc. (NASDAQ:DGLY) was up 12.6% during mid-day trading on Wednesday . The company 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.
A number of equities research analysts have issued reports on DGLY shares. Zacks Investment Research upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a report on Tuesday. Roth Capital upgraded shares of Digital Ally to a “hold” rating in a report on Thursday, May 12th.
The company’s market capitalization is $32.12 million. The company’s 50-day moving average price is $3.93 and its 200 day moving average price is $4.90.
Digital Ally (NASDAQ:DGLY) last issued 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 company had revenue of $4.41 million for the quarter, compared to analyst estimates of $5.40 million. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast 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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