Digital Ally (NASDAQ:DGLY) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Digital Ally (NASDAQ:DGLY) from a buy rating to a hold rating in a research report report published on Wednesday, June 26th, ValuEngine reports.

Digital Ally stock traded down $0.04 during trading hours on Wednesday, hitting $1.23. 1,216 shares of the stock were exchanged, compared to its average volume of 126,547. Digital Ally has a 12 month low of $1.25 and a 12 month high of $5.33. The stock has a 50-day moving average of $1.94.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Wednesday, May 15th. The scientific and technical instruments company reported ($0.29) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.50) by $0.21. The business had revenue of $2.55 million during the quarter.

An institutional investor recently bought a new position in Digital Ally stock. Sanders Morris Harris LLC acquired a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the scientific and technical instruments company’s stock, valued at approximately $74,000. Sanders Morris Harris LLC owned approximately 0.18% of Digital Ally as of its most recent SEC filing. Institutional investors and hedge funds own 5.60% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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