Digital Ally Inc. (DGLY) Trading 4.6% Higher
Shares of Digital Ally Inc. (NASDAQ:DGLY) traded up 4.6% on Monday . The stock traded as high as $5.70 and last traded at $5.51, with a volume of 192,050 shares. The stock had previously closed at $5.27.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Digital Ally from a “hold” rating to a “sell” rating in a research report on Monday, May 16th. Roth Capital upgraded shares of Digital Ally to a “hold” rating in a research report on Thursday, May 12th.
The firm has a 50 day moving average of $5.25 and a 200 day moving average of $4.82. The company’s market capitalization is $29.66 million.
Digital Ally (NASDAQ:DGLY) last released its earnings results on Friday, August 5th. The company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.34. The firm earned $4.40 million during the quarter, compared to the consensus estimate of $5.85 million. Digital Ally’s revenue was down 21.4% compared to the same quarter last year. Analysts expect that Digital Ally Inc. will post ($1.24) earnings per share 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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