Digital Ally Up 80% As Cop Cam Rally Continues
Digital Ally (NASDAQ: DGLY) continued its weeks-long rally, gaining nearly 80 percent Tuesday on continued investor enthusiasm regarding its body-mounted law enforcement cameras.
Its shares were worth about $4 each just prior to the August 9 fatal shooting by police officers of Michael Brown in Ferguson, Missouri. Digital closed Tuesday at $33.41, up 800 percent over the past month.
Taser International (NASDAQ: TASR), which makes similar products, was up 12 percent Tuesday and has gained about 52 percent since August 9.
Although both are small companies, Digital Ally is far smaller, with a market capitalization of just $57 million and revenue last year of just $17.8 million. Taser's market cap stands around $858.2 million and posted sales last year of $137.8 million.
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