Zacks Investment Research upgraded shares of Digital Ally (NASDAQ:DGLY) from a sell rating to a hold rating in a research report released 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 brokerages have also issued reports on DGLY. Westpark Capital reissued a buy rating on shares of Digital Ally in a research report on Monday, November 20th. Maxim Group reissued a buy rating and issued a $9.00 target price on shares of Digital Ally in a research report on Friday, October 20th.

Shares of Digital Ally (NASDAQ DGLY) opened at $2.15 on Tuesday. Digital Ally has a fifty-two week low of $1.70 and a fifty-two week high of $5.00. The firm has a market capitalization of $14.66, a P/E ratio of -1.01 and a beta of 2.75.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Tuesday, November 14th. The scientific and technical instruments company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.21). Digital Ally had a negative return on equity of 195.04% and a negative net margin of 80.08%. The business had revenue of $2.98 million during the quarter, compared to analysts’ expectations of $4.99 million. analysts expect that Digital Ally will post -1.56 earnings per share for the current year.

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About Digital Ally

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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