Digital Ally (NASDAQ:KUST) Announces Earnings Results

Digital Ally (NASDAQ:KUST) issued its earnings results on Tuesday. The company reported ($5.13) EPS for the quarter, Zacks reports. The company had revenue of $2.71 million during the quarter. Digital Ally had a negative net margin of 86.08% and a negative return on equity of 438.69%.

Digital Ally Price Performance

Shares of NASDAQ KUST traded up $0.17 during midday trading on Thursday, reaching $3.10. 3,759 shares of the company traded hands, compared to its average volume of 225,167. Digital Ally has a 52 week low of $2.85 and a 52 week high of $259.50. The stock’s 50-day moving average is $4.94. 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 $2.02 million, a P/E ratio of -0.02 and a beta of 1.35.

Analysts Set New Price Targets

Several brokerages recently issued reports on KUST. Wall Street Zen raised Digital Ally from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Digital Ally has a consensus rating of “Sell”.

About Digital Ally

Digital Ally, Inc. historically developed and sold video-recording, security and public-safety technology. Its products included body-worn cameras, in-car video systems, fleet and asset-tracking solutions, and related software designed to help law-enforcement agencies, commercial fleets and other organizations capture, manage and preserve digital evidence. The company also offered cloud-based evidence-management and video-storage services, as well as products used for workforce monitoring and safety applications.