Digital Ally(NASDAQ:DGLY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $3.446M. Analysts estimated a revenue of $5.900M. The revenues were -41.59% below the estimates. Earnings per share were $-0.63. The reported EPS was below estimates by -215%. Analysts had estimated an EPS of $-0.2.
Digital Ally (DGLY) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.48% at a volume of 23,663. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.25. The peak price level was also seen at $4.25 while the days lowest was $4.0459. Finally the shares closed at $4.11. The 52-week high of the shares is $7.23 while the 52-week low is $3.51. According to the latest information available, the market cap of the company is $22 M.
Several Insider Transactions has been reported to the SEC. On Mar 6, 2017, Michael Caulfield (director) sold 312 shares at $5.10 per share price.Also, On Dec 6, 2016, Leroy C Richie (director) sold 10,000 shares at $4.86 per share price.On Jun 2, 2015, Stanton E Ross (Chairman, CEO & President) sold 24,228 shares at $14.58 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.