Digital Ally (NASDAQ:KUST) Releases Quarterly Earnings Results

Digital Ally (NASDAQ:KUST) posted its quarterly earnings data on Tuesday. The company reported ($5.13) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $2.71 million during the quarter. 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 up $0.12 during mid-day trading on Wednesday, hitting $3.37. 5,659 shares of the stock traded hands, compared to its average volume of 226,166. Digital Ally has a 52-week low of $2.85 and a 52-week high of $259.50. The stock’s fifty day moving average price is $5.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market capitalization of $2.19 million, a PE ratio of -0.02 and a beta of 1.35.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday. Wall Street Zen raised shares of Digital Ally from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Digital Ally presently has a consensus rating of “Sell”.

Digital Ally Company Profile

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.