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

Analysts at StockNews.com began coverage on shares of Dynatronics (NASDAQ:DYNT) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the medical equipment provider’s stock.

Dynatronics Stock Down 13.4 %

DYNT opened at $0.10 on Thursday. Dynatronics has a fifty-two week low of $0.10 and a fifty-two week high of $0.73. The company’s 50-day moving average is $0.15 and its 200 day moving average is $0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.37 and a quick ratio of 0.64. The firm has a market capitalization of $536,108.00, a P/E ratio of -0.08 and a beta of 0.19.

Dynatronics (NASDAQ:DYNT) last issued its quarterly earnings results on Tuesday, September 24th. The medical equipment provider reported ($0.43) earnings per share for the quarter. The company had revenue of $7.37 million during the quarter. Dynatronics had a negative return on equity of 37.01% and a negative net margin of 8.29%.

About Dynatronics

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.