Digital Ally (NASDAQ:DGLY) posted its quarterly earnings results on Tuesday. The scientific and technical instruments company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.15, Morningstar.com reports. The firm had revenue of $2.47 million for the quarter. Digital Ally had a negative net margin of 84.05% and a negative return on equity of 274.27%.
DGLY traded up $0.10 during trading on Wednesday, hitting $2.55. The company had a trading volume of 11 shares, compared to its average volume of 57,668. Digital Ally has a 1-year low of $2.50 and a 1-year high of $2.55.
Several analysts recently issued reports on the stock. ValuEngine raised shares of Digital Ally from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut shares of Digital Ally from a “hold” rating to a “sell” rating in a report on Monday, April 23rd. Finally, Maxim Group cut shares of Digital Ally from a “buy” rating to a “hold” rating and set a $4.00 price target on the stock. in a report on Friday, April 13th.
Digital Ally Company Profile
Digital Ally, Inc produces 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 system that is integrated into a rear view mirror for law enforcement vehicles and commercial fleets; VuLink, a system that provides law enforcement customers with audio/video surveillance from various vantage points; hands-free automatic activated body-worn cameras and in-car video systems; and a weather-resistant mobile digital video recording system for use in motorcycles, ATV's, and boats.
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