Digital Ally, Inc. (NASDAQ:DGLY) posted its quarterly earnings data on Monday. The scientific and technical instruments company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.17, Bloomberg Earnings reports. Digital Ally had a negative return on equity of 115.56% and a negative net margin of 71.44%. The firm had revenue of $3.50 million during the quarter, compared to the consensus estimate of $4.95 million. During the same period in the prior year, the firm posted ($0.54) EPS. The firm’s quarterly revenue was down 20.5% on a year-over-year basis.
Shares of Digital Ally (DGLY) traded down 5.0754% during midday trading on Tuesday, hitting $2.8952. The stock had a trading volume of 83,546 shares. Digital Ally has a 52 week low of $2.70 and a 52 week high of $6.99. The stock has a 50 day moving average price of $3.47 and a 200-day moving average price of $4.03. The stock’s market capitalization is $16.44 million.
A number of analysts have recently commented on DGLY shares. ValuEngine downgraded Digital Ally from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 23rd. Westpark Capital set a $9.00 price objective on Digital Ally and gave the stock a “buy” rating in a research note on Monday, May 1st. Finally, Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th.
A hedge fund recently raised its stake in Digital Ally stock. Honkamp Krueger Financial Services Inc. increased its stake in Digital Ally, Inc. (NASDAQ:DGLY) by 25.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,936 shares of the scientific and technical instruments company’s stock after buying an additional 5,000 shares during the period. Honkamp Krueger Financial Services Inc. owned 0.44% of Digital Ally worth $107,000 as of its most recent filing with the SEC. 6.57% of the stock is currently owned by institutional investors and hedge funds.
About Digital Ally
Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.
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