Digital Ally (NASDAQ:DGLY) Shares Cross Above 200 Day Moving Average of $2.37

Digital Ally, Inc. (NASDAQ:DGLY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.37 and traded as high as $2.44. Digital Ally shares last traded at $2.41, with a volume of 13,314 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Digital Ally in a research note on Friday. They issued a “sell” rating for the company.

Digital Ally Stock Up 1.3 %

The business’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.61.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Friday, May 17th. The scientific and technical instruments company reported ($1.37) earnings per share (EPS) for the quarter. Digital Ally had a negative net margin of 89.17% and a negative return on equity of 155.99%. The company had revenue of $5.53 million for the quarter.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.