Dynatronics (DYNT) Reaches New 12-Month Low at $2.37

Dynatronics Co. (NASDAQ:DYNT) shares hit a new 52-week low on Monday . The company traded as low as $2.37 and last traded at $2.37, with a volume of 100 shares changing hands. The stock had previously closed at $2.62.

DYNT has been the subject of a number of research analyst reports. ValuEngine upgraded Dynatronics from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. TheStreet upgraded Dynatronics from a “d” rating to a “c-” rating in a research report on Thursday, September 27th.

The stock has a market cap of $21.45 million, a price-to-earnings ratio of -5.93 and a beta of 0.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 0.70.

Dynatronics (NASDAQ:DYNT) last announced its quarterly earnings results on Tuesday, November 13th. The medical equipment provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Dynatronics had a negative return on equity of 5.84% and a negative net margin of 2.16%. The business had revenue of $17.07 million during the quarter. Analysts forecast that Dynatronics Co. will post -0.01 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Dynatronics stock. Wells Fargo & Company MN purchased a new stake in Dynatronics Co. (NASDAQ:DYNT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 72,996 shares of the medical equipment provider’s stock, valued at approximately $208,000. Wells Fargo & Company MN owned approximately 0.89% of Dynatronics as of its most recent SEC filing. Hedge funds and other institutional investors own 12.37% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.wkrb13.com/2018/11/27/dynatronics-dynt-reaches-new-12-month-low-at-2-37.html.

About Dynatronics (NASDAQ:DYNT)

Dynatronics Corporation designs, manufactures, markets, and distributes orthopedic soft goods, medical supplies, and physical therapy and rehabilitation equipment in the United States and internationally. It offers ankle and wrist braces, hot packs, cold packs, lumbar rolls, cervical collars, slings, cervical pillows, bolsters, positioning wedges, back cushions, lotions and gels, paper products, athletic tape, splints, elastic wraps, exercise weights, exercise bands and tubing, electrodes, and rehabilitation and back products.

Featured Story: Moving Average – How it Helps Investors in Stock Selection

Receive News & Ratings for Dynatronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply