StockNews.com Initiates Coverage on Dynatronics (NASDAQ:DYNT)

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

Dynatronics Stock Down 8.0 %

Shares of DYNT stock traded down $0.04 during mid-day trading on Thursday, hitting $0.45. The company’s stock had a trading volume of 56,626 shares, compared to its average volume of 1,445,706. The stock has a market cap of $2.20 million, a price-to-earnings ratio of -0.33 and a beta of 0.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 1.41. Dynatronics has a 52-week low of $0.37 and a 52-week high of $1.44. The business has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.52.

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

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.