Digital Ally (NASDAQ:KUST) Posts Quarterly Earnings Results

Digital Ally (NASDAQ:KUST) released its earnings results on Friday. The company reported ($4.58) EPS for the quarter, Zacks reports. The business had revenue of $5.38 million for the quarter. Digital Ally had a negative net margin of 112.61% and a negative return on equity of 212.14%.

Digital Ally Stock Down 10.2%

Shares of NASDAQ KUST traded down $0.14 during mid-day trading on Friday, hitting $1.23. The stock had a trading volume of 971,899 shares, compared to its average volume of 7,189,562. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. Digital Ally has a 1 year low of $0.85 and a 1 year high of $36.90. The company has a market cap of $771,210.00, a price-to-earnings ratio of -0.02 and a beta of 1.32.

Insider Buying and Selling

In other Digital Ally news, major shareholder Financial Lp Hrt sold 54,638 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KUST. Weiss Ratings upgraded shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Digital Ally to a “sell” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.