Digital Ally, Inc. DGLY shares are trading lower by $1.71 at $5.80 in Thursday's session. The company reported a Q3 shortfall of $0.37 per share along with a revenue miss of $1.65 million.
The security company spiked to $33.59 at the height of the Ferguson, Missouri chaos traded as low as $4.70 in after-hours trading on Wednesday. However, it has not come near that level, bottoming at $5.25 off the open and spiking to $6.09 before falling back under $6.
The Street was leaning the wrong way ahead of the report as the issue rallied $5.90 to $7.51 on Wednesday on much heavier than average volume (1.1 million shares compared to its 20-day average of only 139,000 shares).
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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