Zacks Investment Research upgraded shares of Digital Ally (NASDAQ:DGLY) from a sell rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Digital Ally was created to supply technology based products to the law enforcement and security industry. While their main concentration is in the development and application of new concepts, they also recognize the value of retrofitting existing installations with cost-effective digital sub-systems. This flexibility allows to compete in established markets as they simultaneously promote the industry’s transition towards advanced technologies. “

Several other equities research analysts also recently issued reports on the stock. Westpark Capital set a $8.00 price objective on shares of Digital Ally and gave the stock a buy rating in a research note on Friday, October 20th. Maxim Group restated a buy rating and issued a $9.00 price objective on shares of Digital Ally in a research note on Friday, October 20th.

Shares of Digital Ally (NASDAQ DGLY) traded down $0.05 during mid-day trading on Tuesday, reaching $2.60. The company’s stock had a trading volume of 20,800 shares, compared to its average volume of 38,267. The firm has a market capitalization of $18.50, a P/E ratio of -1.22 and a beta of 3.09. Digital Ally has a one year low of $1.70 and a one year high of $6.00.

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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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