Digital Ally, Inc. DGLY shares are trading higher after-hours Tuesday after the company was granted a U.S. patent for tracking and analysis of drivers within a fleet of vehicles.

The Details: According to the patent documents, Digital Ally's system includes a monitoring engine for receiving information from a vehicle-tracking device associated with a vehicle from the fleet and a mapping engine that displays an icon indicative of an incident on a map. 

The system also includes a driver analysis engine that obtains incident information associated with a plurality of drivers and analyzes the information associated with the driver to generate a driver profile. 

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Digital Ally shares are moving on heavy volume in after-hours trading as investors digest the news. According to data from Benzinga Pro, the stock has a float of only 3.164 million shares and more than 3.88 million shares have changed hands on Tuesday. 

How To Buy DGLY Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Digital Ally’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

DGLY Price Action: According to Benzinga Pro, Digital Ally shares are up 37.66% at $1.17 after-hours Tuesday.

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Photo: Pete Linforth from Pixabay