Tag - Dgly

After initially spiking out of the gate on the government’s plan to unfreeze credit markets by directly injecting capital in banks and guaranteeing loans between banks, the Russell 2000 has steadily descended into the red midday, as traders locked in profits from Monday’s goliath rally. Small-cap gainers today included National City Corp. (NYSE:NCC), Aegon China Insurance (NYSE:AEG) and ChinaTransInfo Technology (Nasdaq:DGLY). Other Market Watch highlights today included:

• Treasury markets were falling hard as the safe-haven push dulled amid strong gains in equities.
• The weakest sectors in today's trading are iron & steel and real estate operations/services. Insurance is one of the day's strongest.
• California-based communications equipment maker JDS Uniphase is the day's most active small cap. Shares are down 12.4% to $6.36.
• The dollar is mixed against the euro and the yen midday and gold is off $2 per troy ounce to $839.
• BMO Capital’s Andy Busch told SmallCapInvestor.com that investors shouldn’t “get too excited by the upmove” today. “The Z factor,” or the unknown impact on companies’ sales or earnings, “will cap this rally as will the terrible . . .

Shares of Digital Ally, Inc. (Nasdaq:DGLY) are losing ground on heightened volume ahead of the opening bell after the manufacturer of video surveillance products for law enforcement, homeland security and commercial security applications reported second-quarter revenues this morning that increased a health 133%, but fell short of the consensus view on Wall Street. Gross margins within the quarter also edged down to 61% from 64% in the 2007 quarter.

Digital Ally guided for full-year revenue inline with the Street.

Shares slumped 17%, or $1.55, to $7.45 ahead of the opening bell. For detailed price information and recent news stories about Digital Ally, click DGLY. 

When red-and-blue flashing lights appear in your rear-view mirror, chances are that an image of your vehicle is being relayed from the patrol car into law enforcement’s computers.

Law enforcement is dangerous work, and products from Digital Ally, Inc. (Nasdaq:DGLY) could revolutionize the systems that help protect the officers and the citizens they protect and serve.

The Overland Park, Kan., company has come a long way within an extraordinarily short period. So far, two analysts have initiated coverage, with both saying it’s time to buy and expecting the current share price of around $9 to double by next year. Shares of Digital Ally, which began trading over-the-counter in May 2007 at $2.25, closed Tuesday at $8.88.

Digital Ally began in 2003 as Trophy Tech, a maker of bow-hunting products that included video-recording systems. The business plan changed in 2004 to bring its video system to law enforcement. Products began shipping in March 2006.

State-of-the-art public safety vehicles are rolling data points but space is at a premium. In this space race, Digital Ally is winning.

Small-cap stocks charged higher Friday, giving beleaguered bulls a happy weekend sendoff. The Russell 2000 (NYSE:IWM) rose 13.07, or 1.85% to 721.07, the highest daily close since mid-February as investors embraced the latest batch of earnings numbers with open arms.

In a sense, it was a perfect storm of broad-based earnings reactions Friday, with Citigroup Inc. (NYSE:C) lifting financials, Google Inc. (Nasdaq:GOOG) fueling technology issues, and Caterpillar Inc. (NYSE:CAT) sparking buying interest in the manufacturing sector.

It perhaps took a little creativity on the part of investors to “spin” the Citigroup story into a positive one, as the company still reported massive debt write-downs and missed the earnings estimate. In essence, investors looked through the headline numbers and decided the story on Citigroup was headed toward happier times.

However, no such rose-colored glasses were needed for Google or Caterpillar. Google shot 20% — or about $90 bucks a share — as earnings topped estimates, and Caterpillar, which climbed about 8%, also beat their forecast despite sluggish economic conditions in the manufacturing sector in recent months. Just to add a little extra good vibes into the mix, another manufacturing giant, Honeywell International Inc. (NYSE:HON) also reported strong earnings and rose nearly 6% on the day.

April options expirations came into play today, and the market appeared to be out of position on the short side, which likely fueled the rally, said Nick Kalivas, vice president of financial research with MF Global, in a phone interview. In addition, “there . . .

Digital Ally, Inc. (Nasdaq:DGLY), Metalico, Inc. (AMEX:MEA) and Cascal B.V. (NYSE:HOO) were among the new 52-week highs established during Thursday's trading among companies with market capitalizations or values under $750 million.

UFP Technologies, Inc. (Nasdaq:UFPT), Raining Data Corp. (Nasdaq:RDTA) and PHI Inc. (Nasdaq:PHIIK) were also among the 52-week small-cap highs.

Here are Thursday's 52-week small-cap highs: