Digital Ally Down 5% After Big Earnings Miss

Early Monday afternoon, Digital Ally, Inc. DGLY reported quarterly results.

Q4's EPS came in at $(0.40) versus an estimated $(0.18). Sales came in at $5.051 million versus the estimated $5.70 million.

Stock On The Move

Following this earnings miss, the stock has fallen over 5 percent, and is now down 2.67 percent on the day, trading at $6.19.

The stock is down just over 2 percent year to date, and more than 51 percent over the last one year.

According to MarketBeat, the most recent analyst rating on the company is from Roth Capital, downgrading the issue from Buy to Neutral with a lowered price target of $7 from a previous $16.

Rodman & Renshaw reiterated a Buy on the stock July 30, 2015, Chardan Capital reiterated a Buy on July 7, 2015, and HC Wainwright initiated coverage at Buy on June 18, 2015.

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Posted In: Analyst ColorEarningsNewsAnalyst RatingsMoversTrading IdeasChardan CapitalHC WainwrightMarketBeatRodman & RenshawRoth Capital
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