Shares of Digital Ally Inc. (NASDAQ: DGLY), a wearable cameras manufacturer, continued its
rally with strong share price momentum after accumulating over 78% in the past
two trading sessions after the company received significant interest in its
FirstVU HD wearable cameras, to be worn by police officers, after the outrage
continues in Ferguson, MO. The stock gained more than 13% during each of the past two consecutive trading sessions with massive number of shares exchanging hands. During the last trading session, DGLY was the top performers in the U.S. industrial sector after climbing 57.4% and ended at $12.50 while recording significant volumes of 24.1 million shares. We note that during the past 5-trading sessions, DGLY skyrocketed 242% while recording daily average trading volumes of 10.2 million shares, while the stock accumulated over 181% in the last one month with daily average trading volume of 1.9 million shares. The stock is up 36% year-to-date. Recently, DGLY reported that several law enforcement agencies had asked about the FirstVU HD Officer-Worn Video System since the turmoil in the city began.
Company Description:
Digital Ally Inc (NASDAQ: DGLY) manufactures digital security products for law enforcement agencies. The Company produces a police flashlight that records digital video whenever it is switched on, in-car digital video equipment, and a digital video surveillance camera that records in ultraviolet light and is activated by heat and motion sensors.
1-Year Stock Chart:
Source: Bloomberg
