Digital Ally Falls 5% After Big Earnings Miss

Early Monday afternoon, Digital Ally, Inc. (NASDAQ: DGLY) reported quarterly results. The release may have been come sooner than planned.Falls

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.

Following this earnings miss, the stock fell over 5 percent, and is now down 1.4 percent on the day at $6.27.

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