Digital Ally (NASDAQ:DGLY) Receives “Buy” Rating from Westpark Capital

Digital Ally (NASDAQ:DGLY)‘s stock had its “buy” rating reiterated by Westpark Capital in a note issued to investors on Monday, November 20th.

A number of other equities analysts have also recently commented on DGLY. Maxim Group set a $9.00 price target on Digital Ally and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research cut Digital Ally from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, ValuEngine cut Digital Ally from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

Shares of Digital Ally (DGLY) traded down $0.05 during midday trading on Monday, reaching $2.65. The company’s stock had a trading volume of 114,517 shares, compared to its average volume of 123,066. Digital Ally has a 52-week low of $1.70 and a 52-week high of $6.00.

A hedge fund recently raised its stake in Digital Ally stock. Wells Fargo & Company MN lifted its holdings in shares of Digital Ally, Inc. (NASDAQ:DGLY) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,617 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,283 shares during the period. Wells Fargo & Company MN owned 0.64% of Digital Ally worth $157,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.94% of the company’s stock.

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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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