Digital Ally Inc. (DGLY) started the trading day on a down note, making it one of the worst performing stocks in the technology sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of DGLY have fallen 3.69% about 30 minutes into the session to $5.97 after closing the day prior at $6.2. It’s early, but the stock has traded as high as $6.25 and as low as $5.75 so far. Today’s quick decline has come with about 7,035 shares changing hands, compared to an average 30-day volume of 161,328 for Digital Ally Inc.. The price is currently below the 30-day volume weighted average price of $5.96 for DGLY.
The share depreciation gives the company a market capitalization of $33.35 million based upon 5.38 million shares outstanding. It also means that DGLY has a price-to-book ratio of 2.32:1.
In the past 52 weeks, shares of DGLY have traded as low as $3.51 and as high as $9.0. Technical traders will take note that at $5.97, shares of DGLY are trading above their 200-day MA at $5.21 and above their 50-day MA at $5.8. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is DGLY?
Digital Ally Inc., is engaged in the production and sale of digital video imaging, audio recording, and related storage products for use in law enforcement, security & commercial applications in the United States and other countries. The company’s 154 employees are led by CEO Stanton E. Ross from the corporate headquarters at 9705 Loiret Boulevard in Lenexa, KS.
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