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

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

Dynatronics Stock Down 32.7 %

DYNT opened at $0.12 on Tuesday. The firm has a 50-day simple moving average of $0.13 and a two-hundred day simple moving average of $0.22. Dynatronics has a 52 week low of $0.09 and a 52 week high of $0.73. The company has a market capitalization of $889,350.00, a PE ratio of -0.13 and a beta of 0.17. The company has a quick ratio of 0.60, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.

Dynatronics (NASDAQ:DYNT) last released its quarterly earnings data on Tuesday, September 24th. The medical equipment provider reported ($0.43) EPS for the quarter. Dynatronics had a negative net margin of 8.88% and a negative return on equity of 41.41%. The company had revenue of $7.37 million for the quarter.

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.