Digital Ally (DGLY) Rating Increased to Hold at Zacks Investment Research

Digital Ally (NASDAQ:DGLY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

A number of other equities research analysts have also weighed in on DGLY. Westpark Capital reaffirmed a “buy” rating and set a $5.00 target price on shares of Digital Ally in a research report on Monday, June 11th. Maxim Group lowered Digital Ally from a “buy” rating to a “hold” rating and set a $4.00 target price for the company. in a research report on Friday, April 13th. Finally, ValuEngine raised Digital Ally from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.

Shares of Digital Ally opened at $2.50 on Thursday, according to Marketbeat. The firm has a market cap of $17.83 million, a price-to-earnings ratio of -1.70 and a beta of 2.52. Digital Ally has a twelve month low of $1.70 and a twelve month high of $4.95.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Tuesday, May 15th. The scientific and technical instruments company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.15. The business had revenue of $2.47 million during the quarter. Digital Ally had a negative return on equity of 531.26% and a negative net margin of 108.35%. equities research analysts predict that Digital Ally will post -1.23 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.

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