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

Analysts at StockNews.com assumed coverage on shares of Dynatronics (NASDAQ:DYNT) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the medical equipment provider’s stock.

Dynatronics Stock Down 11.2 %

DYNT opened at $0.10 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $530,800.00, a price-to-earnings ratio of -0.08 and a beta of 0.19. Dynatronics has a twelve month low of $0.10 and a twelve month high of $0.73. The company’s 50-day moving average price is $0.15 and its two-hundred day moving average price is $0.28.

Dynatronics (NASDAQ:DYNT) last released its 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 net margin of 8.29% and a negative return on equity of 37.01%.

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.