Digital Ally (NASDAQ:KUST) Announces Quarterly Earnings Results

Digital Ally (NASDAQ:KUST) announced its earnings results on Tuesday. The company reported ($5.13) earnings per share for the quarter, Zacks reports. Digital Ally had a negative return on equity of 277.67% and a negative net margin of 96.36%.

Digital Ally Price Performance

Shares of KUST stock traded down $0.06 on Tuesday, hitting $3.36. The stock had a trading volume of 18,076 shares, compared to its average volume of 227,168. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market capitalization of $2.18 million, a price-to-earnings ratio of -0.02 and a beta of 1.35. Digital Ally has a 1 year low of $2.85 and a 1 year high of $259.50. The firm has a 50 day moving average of $5.18.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Digital Ally from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings cut shares of Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Digital Ally

Digital Ally, Inc historically developed and sold video-recording, security and public-safety technology. Its products included body-worn cameras, in-car video systems, fleet and asset-tracking solutions, and related software designed to help law-enforcement agencies, commercial fleets and other organizations capture, manage and preserve digital evidence.

The company also offered cloud-based evidence-management and video-storage services, as well as products used for workforce monitoring and safety applications.