Dynatronics (DYNT) PT Lowered to $4.00

Dynatronics (NASDAQ:DYNT) had its target price cut by stock analysts at Roth Capital from $4.50 to $4.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the medical equipment provider’s stock. Roth Capital’s price target indicates a potential upside of 76.21% from the company’s current price.

Separately, Zacks Investment Research lowered shares of Dynatronics from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th.

DYNT traded down $0.27 during midday trading on Wednesday, hitting $2.27. The company had a trading volume of 111,258 shares, compared to its average volume of 5,702. The company has a market cap of $20.80 million, a P/E ratio of -5.68 and a beta of -0.15. Dynatronics has a 52 week low of $1.87 and a 52 week high of $3.60. The company has a current ratio of 1.43, a quick ratio of 0.70 and a debt-to-equity ratio of 0.31.

Dynatronics (NASDAQ:DYNT) last posted its quarterly earnings results on Tuesday, November 13th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $17.07 million for the quarter. Dynatronics had a negative net margin of 2.16% and a negative return on equity of 5.84%. On average, research analysts forecast that Dynatronics will post -0.03 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Dynatronics stock. Vanguard Group Inc acquired a new position in shares of Dynatronics Co. (NASDAQ:DYNT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,747 shares of the medical equipment provider’s stock, valued at approximately $79,000. Vanguard Group Inc owned 0.34% of Dynatronics at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.99% of the company’s stock.

Dynatronics Company Profile

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.

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