Why Digital Ally (DGLY) Stock Is Rising Today

NEW YORK (TheStreet) --Shares of Digital Ally Inc. (DGLY) are higher by 7.13% to $23.60 in mid-morning trading on Thursday, after the company announced it will introduce the "Bullet Camera" option for its FirstVU HD Body Camera System, at the upcoming International Association of Chiefs of Police Conference scheduled to take place in Orlando, FL, Oct. 25-28.

"While the wide-angle lens of our torso-mounted camera allows for a comprehensive view of an incident, the bullet camera provides greater insight into where an officer was specifically looking during events in the field," said company CEO Stanton Ross.

The company has seen an increase in interest for the wearable cameras it makes for law enforcement officers following the unrest in Ferguson, MO, after an unarmed teenager was killed by a police officer.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Separately, TheStreet Ratings team rates DIGITAL ALLY INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate DIGITAL ALLY INC (DGLY) a SELL. This is driven by some concerns, 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 high debt management risk."

If you liked this article you might like

Axon Enterprise Is Hoping to Drive Growth As a Total Personal Security Company

5 Things You Must Know Before the Market Opens Monday

Week Ahead: Financials, Health Care on Edge as Obamacare Escapes GOP Axe

Trump Budget Increases Homeland Security Budget 7%, Adds $4.5 Billion for Border Security

Digital Ally (DGLY) In A Perilous Reversal