Digital Ally (DGLY) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Digital Ally (DGLY) Posts Quarterly  Earnings Results, Beats Estimates By $0.21 EPS

Digital Ally (NASDAQ:DGLY) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.21, Morningstar.com reports. Digital Ally had a negative return on equity of 3,406.82% and a negative net margin of 137.66%.

NASDAQ DGLY opened at $3.47 on Thursday. Digital Ally has a twelve month low of $2.10 and a twelve month high of $5.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Digital Ally in the 4th quarter valued at approximately $42,000. Sanders Morris Harris LLC acquired a new position in Digital Ally in the 1st quarter valued at approximately $74,000. Renaissance Technologies LLC acquired a new position in Digital Ally in the 1st quarter valued at approximately $82,000. Northern Trust Corp raised its holdings in Digital Ally by 112.8% in the 1st quarter. Northern Trust Corp now owns 26,346 shares of the scientific and technical instruments company’s stock valued at $98,000 after acquiring an additional 13,967 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in Digital Ally in the 1st quarter valued at approximately $147,000. 4.44% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Digital Ally from a “hold” rating to a “buy” rating in a research report on Friday, March 1st.

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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