Dynatronics (NASDAQ:DYNT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Dynatronics (NASDAQ:DYNT) in a report published on Thursday. The brokerage issued a hold rating on the medical equipment provider’s stock.

Dynatronics Stock Down 8.0 %

NASDAQ DYNT traded down $0.04 during trading on Thursday, reaching $0.45. 56,626 shares of the company’s stock were exchanged, compared to its average volume of 1,445,706. The company’s fifty day simple moving average is $0.47 and its 200-day simple moving average is $0.52. The company has a current ratio of 1.41, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. Dynatronics has a fifty-two week low of $0.37 and a fifty-two week high of $1.44. The firm has a market capitalization of $2.20 million, a PE ratio of -0.33 and a beta of 0.41.

Dynatronics (NASDAQ:DYNT) last announced its earnings results on Wednesday, February 7th. The medical equipment provider reported ($0.27) earnings per share for the quarter. Dynatronics had a negative return on equity of 54.88% and a negative net margin of 14.13%. The company had revenue of $8.15 million during the quarter.

Dynatronics Company Profile

Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, orthopedics, pain management, and athletic training products in the United States. The company offers orthopedic soft bracing products include cervical collars, shoulder immobilizers, arm slings, wrist and elbow supports, abdominal and lumbosacral supports, maternity supports, knee immobilizers and supports, ankle walkers and supports, plantar fasciitis splints, and cold therapy products.