NEW YORK (TheStreet) -- Digital Ally (DGLY) stock continued to soar Monday after the company said it had received increased interest its FirstVU HD wearable camera as unrest continues in Ferguson, Mo.
Digital Ally announced in a press release that several law enforcement agencies had asked about the FirstVU HD Officer-Worn Video System since the turmoil in the city began.
"An audio/video recording often proves to be invaluable in court because it can answer critical questions regarding inappropriate actions by either the law enforcement officer or the person who may have broken the law," the company said in a statement. "Some state governments are considering legislation that would require all law enforcement vehicles and officers to be equipped with some sort of audio/video recording capabilities."
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"We rate DIGITAL ALLY INC (DGLY) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."