Digital Ally (DGLY) is Initiated by Maxim Group to Buy, Price Target at $15

Digital Ally (DGLY) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $15. Maxim Group advised their investors in a research report released on Aug 18, 2016.

On the company’s financial health, Digital Ally reported $-0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $-0.25. The company had revenue of $4.40 million for the quarter, compared to analysts expectations of $5.85 million. The company’s revenue was down -21.4 % compared to the same quarter last year.

Digital Ally opened for trading at $5.5306 and hit $5.65 on the upside on Wednesday, eventually ending the session at $5.56, with a gain of 2.39% or 0.13 points. The heightened volatility saw the trading volume jump to 83,476 shares. Company has a market cap of $30 M.

In a different news, on Jun 2, 2015, Stanton E Ross (Chairman, CEO & President) sold 24,228 shares at $14.58 per share price. According to the SEC, on Jun 2, 2015, Thomas J Heckman (CFO, Secretary & Treasurer) sold 20,592 shares at $15.34 per share price. On May 21, 2015, Leroy C Richie (director) sold 10,668 shares at $14.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Digital Ally Inc. produces digital video imaging and storage products for use in law enforcement security and commercial applications. The Company’s products include an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a weather-resistant mobile digital video recording system for use on motorcycles and boats; a miniature digital video system designed to be worn on an individual’s body; a system that provides its audio/video surveillance from multiple vantage points; a digital video/audio recorder contained in a flashlight sold to law enforcement agencies and other security organizations and a hand-held laser speed detection device that it is offering primarily to law enforcement agencies. The Company sells its products to law enforcement agencies and other security organizations consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally.

Digital Ally

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