Dynatronics (NASDAQ:DYNT) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Dynatronics Co. (NASDAQ:DYNT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.18 and traded as low as $0.12. Dynatronics shares last traded at $0.14, with a volume of 1,482 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Dynatronics in a research report on Saturday. They issued a “hold” rating on the stock.

Dynatronics Stock Performance

The company has a 50 day simple moving average of $0.13 and a 200-day simple moving average of $0.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.60. The stock has a market cap of $983,188.00, a P/E ratio of -0.14 and a beta of 0.16.

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