Digital Ally Inc. (DGLY) Sees Large Volume Increase
Digital Ally Inc. (NASDAQ:DGLY) saw unusually-high trading volume on Monday . Approximately 4,767,539 shares traded hands during mid-day trading, an increase of 251% from the previous session’s volume of 1,358,931 shares.The stock last traded at $6.00 and had previously closed at $5.34.
DGLY has been the subject of several research reports. Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Roth Capital reissued a “neutral” rating and set a $6.00 price objective on shares of Digital Ally in a research note on Monday, May 9th.
The firm’s 50 day moving average price is $4.17 and its 200-day moving average price is $4.87. The company’s market capitalization is $31.38 million.
Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.23) by $0.11. The firm had revenue of $4.41 million for the quarter, compared to analyst estimates of $5.40 million. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Digital Ally Inc. will post ($0.76) EPS 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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