Digital Ally Inc. (DGLY) Upgraded to “Hold” at Zacks Investment Research
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. “
Separately, Maxim Group started coverage on Digital Ally in a report on Thursday, August 18th. They set a buy rating and a $15.00 price objective for the company.
Shares of Digital Ally (NASDAQ:DGLY) traded down 0.4955% during trading on Tuesday, reaching $5.5424. The company’s stock had a trading volume of 2,555 shares. Digital Ally has a 12-month low of $3.51 and a 12-month high of $9.00. The stock’s 50-day moving average is $5.89 and its 200-day moving average is $4.91. The stock’s market cap is $29.81 million.
Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Friday, August 5th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.34. Digital Ally had a negative net margin of 52.88% and a negative return on equity of 54.29%. The firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $5.85 million. Digital Ally’s revenue for the quarter was down 21.4% compared to the same quarter last year. Equities research analysts anticipate that Digital Ally will post ($1.34) earnings per share for the current fiscal year.
In other Digital Ally news, Director Elliot M. Kaplan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $6.31, for a total transaction of $31,550.00. Following the sale, the director now owns 54,361 shares in the company, valued at $343,017.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.20% of the company’s stock.
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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