DIGITAL ALLY INC (NASDAQ: DGLY) rated to Buy with price target $16 by Roth Capital
Roth Capital rated DIGITAL
ALLY INC (NASDAQ: DGLY) to Buy with price target $16.
Digital Ally, Inc. (Digital Ally) is engaged in producing digital video imaging and storage products for use in law enforcement and security applications. The Company produces and sells two products: an in-car digital video rear view mirror and a digital video flashlight that is used in law enforcement applications. The Company sell the products to law enforcement agencies and other security organizations and for consumer and commercial applications through direct sales and third-party distributors. Digital Ally is also developing derivative products using the digital video compression, recording and storage knowledge that can be used in motorcycle, boat, all terrain vehicle (ATV), school bus, taxi cab, and fleet vehicle applications.
ROTH researches emerging growth equities in the media, technology, telecommunications, healthcare, consumer, energy and industrial sectors. The research is focused on companies with market capitalization of between $100 million - $1 billion. Our coverage universe includes approximately 180 small cap growth companies around the globe including several companies from China. With an average market cap of approximately $500 million, our objective is to identify rapidly growing companies with significant long term growth prospects.