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

StockNews.com initiated coverage on shares of Dynatronics (NASDAQ:DYNT) in a research note published on Saturday morning. The firm issued a hold rating on the medical equipment provider’s stock.

Dynatronics Stock Performance

Shares of Dynatronics stock opened at $0.14 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.64 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $0.14 and a 200 day simple moving average of $0.27. Dynatronics has a 12-month low of $0.10 and a 12-month high of $0.73.

Dynatronics (NASDAQ:DYNT) last announced its earnings results on Tuesday, September 24th. The medical equipment provider reported ($0.43) earnings per share (EPS) for the quarter. The firm had revenue of $7.37 million for the quarter. Dynatronics had a negative return on equity of 37.01% and a negative net margin of 8.29%.

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.