Dynatronics (NASDAQ:DYNT) Stock Price Crosses Below Two Hundred Day Moving Average of $0.32

Dynatronics Co. (NASDAQ:DYNT)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.32 and traded as low as $0.11. Dynatronics shares last traded at $0.12, with a volume of 25,979 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Dynatronics in a report on Tuesday. They issued a “hold” rating for the company.

Dynatronics Stock Down 25.7 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 0.68. The company has a market capitalization of $655,007.20, a price-to-earnings ratio of -0.10 and a beta of 0.20. The firm’s 50-day simple moving average is $0.18 and its two-hundred day simple moving average is $0.32.

Dynatronics (NASDAQ:DYNT) last released its quarterly earnings results on Tuesday, September 24th. The medical equipment provider reported ($0.43) earnings per share for the quarter. Dynatronics had a negative return on equity of 55.14% and a negative net margin of 13.07%. The firm had revenue of $7.37 million during 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.