Digital Ally, Inc. (NASDAQ:DGLY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $2.60 and last traded at $2.60, with a volume of 44,647 shares changing hands. The stock had previously closed at $2.70.

DGLY has been the topic of a number of analyst reports. ValuEngine cut shares of Digital Ally from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Westpark Capital reissued an “outperform” rating and set a $11.00 target price (up previously from $9.00) on shares of Digital Ally in a report on Monday, July 10th. Zacks Investment Research raised shares of Digital Ally from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Finally, Maxim Group set a $9.00 target price on shares of Digital Ally and gave the company a “buy” rating in a report on Tuesday, August 15th.

The company’s 50-day moving average price is $3.06 and its 200-day moving average price is $3.68. The stock’s market capitalization is $14.77 million.

Digital Ally (NASDAQ:DGLY) last posted its earnings results on Monday, August 14th. The scientific and technical instruments company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.17). The company had revenue of $3.50 million for the quarter, compared to analysts’ expectations of $4.95 million. Digital Ally had a negative net margin of 72.07% and a negative return on equity of 148.01%. The business’s revenue was down 20.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.54) earnings per share. Equities research analysts anticipate that Digital Ally, Inc. will post ($1.32) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Digital Ally stock. Wells Fargo & Company MN grew its holdings in Digital Ally, Inc. (NASDAQ:DGLY) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,617 shares of the scientific and technical instruments company’s stock after buying an additional 1,283 shares during the period. Wells Fargo & Company MN owned approximately 0.64% of Digital Ally worth $157,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.22% of the company’s stock.

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Digital Ally Company Profile

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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