Digital Ally (NASDAQ:KUST) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Digital Ally (NASDAQ:KUST) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings cut Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Digital Ally Trading Down 1.4%

NASDAQ:KUST opened at $1.00 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.48 million, a P/E ratio of -0.06 and a beta of 1.32. Digital Ally has a 12 month low of $0.85 and a 12 month high of $36.90.

Digital Ally (NASDAQ:KUST) last announced its quarterly earnings results on Friday, August 14th. The company reported ($4.58) EPS for the quarter. The firm had revenue of $5.38 million for the quarter. Digital Ally had a negative net margin of 96.36% and a negative return on equity of 277.67%.

Insider Buying and Selling at Digital Ally

In other news, major shareholder Financial Lp Hrt sold 54,638 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the sale, the insider directly owned 17,869 shares in the company, valued at $25,731.36. The trade was a 75.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.01% of the stock is currently owned by company insiders.

About Digital Ally

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.