Shares of Dynatronics Co. (NASDAQ:DYNT) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price objective of $6.00 for the company and are forecasting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Dynatronics an industry rank of 66 out of 256 based on the ratings given to related companies.

Several analysts recently commented on DYNT shares. TheStreet upgraded Dynatronics from a “d” rating to a “c-” rating in a report on Thursday, September 27th. Roth Capital assumed coverage on Dynatronics in a research report on Tuesday, January 1st. They set a “buy” rating and a $4.50 price target for the company. Finally, Zacks Investment Research downgraded Dynatronics from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th.

NASDAQ DYNT traded up $0.01 during trading hours on Wednesday, hitting $2.60. The company had a trading volume of 1,749 shares, compared to its average volume of 1,810. The company has a market cap of $21.54 million, a P/E ratio of -6.50 and a beta of -0.18. The company has a quick ratio of 0.70, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. Dynatronics has a 52 week low of $2.37 and a 52 week high of $3.60.

Dynatronics (NASDAQ:DYNT) last issued its quarterly earnings results on Tuesday, November 13th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. Dynatronics had a negative return on equity of 5.84% and a negative net margin of 2.16%. The firm had revenue of $17.07 million during the quarter. Equities research analysts anticipate that Dynatronics will post -0.03 EPS for the current year.

An institutional investor recently bought a new position in Dynatronics stock. Wells Fargo & Company MN purchased a new position in Dynatronics Co. (NASDAQ:DYNT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 72,996 shares of the medical equipment provider’s stock, valued at approximately $208,000. Wells Fargo & Company MN owned 0.89% of Dynatronics at the end of the most recent reporting period. Institutional investors and hedge funds own 12.99% of the company’s stock.

Dynatronics Company Profile

Dynatronics Corporation designs, manufactures, markets, and distributes orthopedic soft goods, medical supplies, and physical therapy and rehabilitation equipment in the United States and internationally. It offers ankle and wrist braces, hot packs, cold packs, lumbar rolls, cervical collars, slings, cervical pillows, bolsters, positioning wedges, back cushions, lotions and gels, paper products, athletic tape, splints, elastic wraps, exercise weights, exercise bands and tubing, electrodes, and rehabilitation and back products.

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