Digital Ally (NASDAQ:DGLY) Now Covered by Analysts at Aegis

Aegis assumed coverage on shares of Digital Ally (NASDAQ:DGLY) in a report published on Monday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $5.00 target price on the scientific and technical instruments company’s stock.

DGLY stock opened at $3.06 on Monday. The stock has a 50-day moving average price of $2.58 and a two-hundred day moving average price of $1.39. Digital Ally has a 12-month low of $0.64 and a 12-month high of $7.10. The company has a market cap of $83.47 million, a PE ratio of -4.08 and a beta of 0.89.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Wednesday, May 20th. The scientific and technical instruments company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.14. The company had revenue of $2.43 million during the quarter.

In other news, CFO Thomas J. Heckman sold 110,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $7.04, for a total value of $774,400.00. Following the completion of the sale, the chief financial officer now owns 918,984 shares of the company’s stock, valued at $6,469,647.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.80% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Digital Ally stock. Barclays PLC purchased a new position in Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,800 shares of the scientific and technical instruments company’s stock, valued at approximately $31,000. Barclays PLC owned approximately 0.24% of Digital Ally as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.64% 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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