Digital Ally (NASDAQ:DGLY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, September 18th.

A number of other analysts also recently commented on DGLY. Westpark Capital reiterated a “buy” rating and issued a $5.00 target price on shares of Digital Ally in a report on Monday, June 11th. Zacks Investment Research upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a report on Thursday, June 14th.

Digital Ally stock traded up $0.03 during midday trading on Tuesday, reaching $2.98. 33,866 shares of the stock traded hands, compared to its average volume of 84,703. Digital Ally has a fifty-two week low of $1.70 and a fifty-two week high of $4.95. The firm has a market capitalization of $22.12 million, a price-to-earnings ratio of -1.99 and a beta of 2.93. The company has a quick ratio of 0.28, a current ratio of 0.95 and a debt-to-equity ratio of -1.42.

Digital Ally (NASDAQ:DGLY) last released its quarterly earnings results on Monday, August 20th. The scientific and technical instruments company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.05). Digital Ally had a negative return on equity of 1,999.82% and a negative net margin of 112.99%. The company had revenue of $3.56 million for the quarter, compared to the consensus estimate of $4.23 million. Research analysts expect that Digital Ally will post -1.17 earnings per share for the current year.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car digital audio/video recorder that is contained in a rear view mirror for law enforcement vehicles and commercial fleets; and hands-free automatic activated body-worn cameras and in-car video systems, as well as provides its law enforcement customers with audio/video surveillance from multiple vantage points.

Further Reading: Understanding Price to Earnings Ratio (PE)

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