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

Equities research analysts at StockNews.com started coverage on shares of Dynatronics (NASDAQ:DYNT) in a report issued on Wednesday. The firm set a “hold” rating on the medical equipment provider’s stock.

Dynatronics Stock Down 2.4 %

Shares of DYNT opened at $0.58 on Wednesday. The stock has a market capitalization of $2.81 million, a price-to-earnings ratio of -0.42 and a beta of 0.45. Dynatronics has a 1 year low of $0.37 and a 1 year high of $1.62. The business’s 50 day simple moving average is $0.47 and its 200-day simple moving average is $0.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.67.

Dynatronics (NASDAQ:DYNT) last issued its quarterly earnings data on Wednesday, February 7th. The medical equipment provider reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $8.15 million for 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.