Shares of Digital Ally Inc. (NASDAQ:DGLY) saw strong trading volume on Tuesday . 1,039,051 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 795,719 shares.The stock last traded at $5.33 and had previously closed at $5.48.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a research note on Tuesday. Roth Capital upgraded shares of Digital Ally to a “hold” rating in a research note on Thursday, May 12th.

The stock’s 50-day moving average price is $4.00 and its 200-day moving average price is $4.91. The stock’s market capitalization is $30.86 million.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.11. The firm had revenue of $4.41 million for the quarter, compared to the consensus estimate of $5.40 million. Digital Ally’s revenue was up 3.7% on a year-over-year basis. On average, equities 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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