Dynatronics (NASDAQ:DYNT) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Dynatronics (NASDAQ:DYNT) from a sell rating to a hold rating in a research report released on Tuesday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Dynatronics from a hold rating to a buy rating and set a $0.75 target price on the stock in a research report on Tuesday, November 26th. Maxim Group set a $3.00 price target on Dynatronics and gave the stock a buy rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $2.58.

Shares of NASDAQ DYNT opened at $0.73 on Tuesday. Dynatronics has a 12-month low of $0.65 and a 12-month high of $2.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.59 and a current ratio of 1.36. The firm has a 50 day moving average of $0.81 and a 200 day moving average of $1.27.

Dynatronics (NASDAQ:DYNT) last issued its quarterly earnings results on Tuesday, November 12th. The medical equipment provider reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $16.39 million for the quarter, compared to analysts’ expectations of $16.21 million. Dynatronics had a negative net margin of 1.84% and a negative return on equity of 12.16%. Analysts anticipate that Dynatronics will post -0.13 earnings per share for the current year.

An institutional investor recently raised its position in Dynatronics stock. Vanguard Group Inc. lifted its position in Dynatronics Co. (NASDAQ:DYNT) by 76.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,484 shares of the medical equipment provider’s stock after purchasing an additional 21,870 shares during the period. Vanguard Group Inc. owned about 0.60% of Dynatronics worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.70% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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