Wall Street Zen Upgrades Digital Ally (NASDAQ:KUST) to “Hold”

Digital Ally (NASDAQ:KUST) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings lowered shares of Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Digital Ally Price Performance

Shares of NASDAQ KUST opened at $1.00 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $6.48 million, a price-to-earnings ratio of -0.06 and a beta of 1.32. Digital Ally has a one year low of $0.85 and a one year high of $36.90.

Digital Ally (NASDAQ:KUST) last posted its earnings results on Friday, August 14th. The company reported ($4.58) earnings per share for the quarter. The firm had revenue of $5.38 million for the quarter. Digital Ally had a negative return on equity of 277.67% and a negative net margin of 96.36%.

Insider Transactions at Digital Ally

In related news, major shareholder Financial Lp Hrt sold 54,638 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1.44, for a total transaction of $78,678.72. Following the sale, the insider owned 17,869 shares of the company’s stock, valued at $25,731.36. This represents a 75.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.01% of the stock is owned by corporate insiders.

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.