Dynatronics (NASDAQ:DYNT) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Dynatronics (NASDAQ:DYNT – Get Rating) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the medical equipment provider’s stock.

Dynatronics Trading Up 1.7 %

Shares of NASDAQ DYNT opened at $0.89 on Friday. The company’s 50 day simple moving average is $1.05 and its 200 day simple moving average is $1.66. Dynatronics has a fifty-two week low of $0.73 and a fifty-two week high of $4.30. The firm has a market capitalization of $3.59 million, a P/E ratio of -0.67 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.83 and a quick ratio of 0.70.

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Dynatronics (NASDAQ:DYNT – Get Rating) last issued its quarterly earnings data on Thursday, May 11th. The medical equipment provider reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.20). Dynatronics had a negative return on equity of 32.80% and a negative net margin of 9.58%. The company had revenue of $9.24 million for the quarter, compared to the consensus estimate of $10.40 million. On average, analysts predict that Dynatronics will post -1.22 EPS for the current year.

Hedge Funds Weigh In On Dynatronics

A hedge fund recently bought a new stake in Dynatronics stock. Albion Financial Group UT bought a new position in shares of Dynatronics Co. (NASDAQ:DYNT – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,000 shares of the medical equipment provider’s stock, valued at approximately $26,000. Albion Financial Group UT owned about 0.45% of Dynatronics at the end of the most recent reporting period. 5.88% of the stock is owned by hedge funds and other institutional investors.

About Dynatronics

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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; and therapeutic modality devices comprising electrotherapy, ultrasound, phototherapy, traction, hot and cold therapy, and electrodes.

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