Zacks Investment Research upgraded shares of Dynatronics (NASDAQ:DYNT) from a hold rating to a buy rating in a research note issued to investors on Monday morning. They currently have $3.50 target price on the medical equipment provider’s stock.

According to Zacks, “DYNATRONICS CORP. is involved in the design, manufacture and sale of medical devices for therapeutic use by medical practitioners. “

Dynatronics (NASDAQ:DYNT) traded down $0.02 during mid-day trading on Monday, reaching $3.18. The company’s stock had a trading volume of 3,563 shares, compared to its average volume of 29,083. The company has a current ratio of 1.46, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $15.75, a price-to-earnings ratio of -2.84 and a beta of -0.09. Dynatronics has a 52-week low of $2.10 and a 52-week high of $3.75.

Dynatronics (NASDAQ:DYNT) last posted its earnings results on Tuesday, November 14th. The medical equipment provider reported $0.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.08. The firm had revenue of $12.80 million for the quarter. Dynatronics had a negative return on equity of 45.78% and a negative net margin of 3.42%. sell-side analysts expect that Dynatronics will post -0.09 earnings per share for the current year.

In other Dynatronics news, Director Brian Larkin bought 40,000 shares of Dynatronics stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $2.50 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 80,276 shares in the company, valued at approximately $200,690. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Stuart Essig bought 27,455 shares of Dynatronics stock in a transaction on Wednesday, January 3rd. The shares were acquired at an average price of $2.77 per share, for a total transaction of $76,050.35. Following the completion of the acquisition, the insider now owns 856,169 shares of the company’s stock, valued at approximately $2,371,588.13. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 369,015 shares of company stock worth $930,372. Corporate insiders own 51.80% of the company’s stock.

A hedge fund recently bought a new stake in Dynatronics stock. First Light Asset Management LLC purchased a new stake in Dynatronics Co. (NASDAQ:DYNT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the medical equipment provider’s stock, valued at approximately $280,000. First Light Asset Management LLC owned approximately 2.72% of Dynatronics at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.17% of the company’s stock.

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About Dynatronics

Dynatronics Corporation is a manufacturer and distributor of physical medicine products. The Company’s products include a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Its products are used by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals.

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