Digital Ally Awarded $4 Million Contract for Police Body Cameras
Digital Ally, Inc. (DGLY) announced on February 4 that the company received its largest contract award in history. The contract is worth up to $4 million for the initial delivery of 5,000 police body cameras and ongoing web services. The contract includes web-based infrastructure services for an initial three-year period.
Jet Equities detected the event and sent an alert at 7:00 am. The last trade had been for $0.99 at 7:45 pm the previous evening. After the announcement, the stock price spiked to trade above $2.00 before the market open. The stock price faded throughout the day to close at $1.25 with a gain of 26.3%.
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