Digital Ally (NASDAQ:KUST) Posts Earnings Results

Digital Ally (NASDAQ:KUST) announced its quarterly earnings results on Friday. The company reported ($4.58) earnings per share for the quarter, Zacks reports. Digital Ally had a negative net margin of 112.61% and a negative return on equity of 212.14%.

Digital Ally Stock Down 10.2%

NASDAQ:KUST traded down $0.14 on Friday, reaching $1.23. 971,586 shares of the company’s stock were exchanged, compared to its average volume of 2,926,246. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.77. The firm has a market capitalization of $774,900.00, a PE ratio of -0.02 and a beta of 1.32. Digital Ally has a 52-week low of $0.85 and a 52-week high of $36.90.

Insider Activity at Digital Ally

In other news, major shareholder Financial Lp Hrt sold 54,638 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the transaction, the insider owned 17,869 shares of the company’s stock, valued at approximately $25,731.36. This trade represents a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Digital Ally to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings raised Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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 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.