Digital Ally (NASDAQ:KUST) Issues Earnings Results

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

Digital Ally Trading Down 11.3%

Shares of NASDAQ KUST traded down $0.15 on Friday, reaching $1.22. 885,196 shares of the company traded hands, compared to its average volume of 2,925,554. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.77. Digital Ally has a fifty-two week low of $0.85 and a fifty-two week high of $36.90. The company has a market cap of $765,450.00, a P/E ratio of -0.02 and a beta of 1.32.

Wall Street Analysts Forecast Growth

KUST has been the subject of a number of research analyst reports. Weiss Ratings upgraded Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Digital Ally to a “sell” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Buying and Selling

In other Digital Ally news, major shareholder Financial Lp Hrt sold 54,638 shares of the stock in a transaction that occurred 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 transaction, the insider owned 17,869 shares of the company’s stock, valued at $25,731.36. This trade represents a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.01% of the company’s stock.

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.