Digital Ally (NASDAQ:DGLY) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Digital Ally (NASDAQ:DGLY) in a report published on Wednesday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Digital Ally Stock Down 2.8 %

Shares of NASDAQ DGLY opened at $2.10 on Wednesday. Digital Ally has a 52-week low of $1.73 and a 52-week high of $5.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a market cap of $5.88 million, a P/E ratio of -0.23 and a beta of 0.81. The firm has a 50 day moving average price of $2.32 and a 200 day moving average price of $2.23.

Institutional Trading of Digital Ally

An institutional investor recently raised its position in Digital Ally stock. BlackRock Inc. grew its holdings in Digital Ally, Inc. (NASDAQ:DGLY) by 159.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457,820 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,512,005 shares during the quarter. BlackRock Inc. owned 4.56% of Digital Ally worth $1,121,000 at the end of the most recent reporting period. Institutional investors own 4.19% of the company’s stock.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.