Dynatronics (NASDAQ:DYNT) Downgraded by ValuEngine to “Sell”

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

Separately, Maxim Group set a $3.00 price objective on shares of Dynatronics and gave the company a buy rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $3.50.

DYNT traded down $0.03 on Thursday, reaching $0.75. 18,300 shares of the company traded hands, compared to its average volume of 12,108. The stock’s 50 day moving average price is $0.91 and its 200-day moving average price is $1.35. Dynatronics has a 52-week low of $0.71 and a 52-week high of $2.88. The company has a market cap of $6.66 million, a price-to-earnings ratio of -3.57 and a beta of 0.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.59.

Dynatronics (NASDAQ:DYNT) last announced its quarterly earnings data on Tuesday, November 12th. The medical equipment provider reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Dynatronics had a negative net margin of 1.84% and a negative return on equity of 12.16%. The firm had revenue of $16.39 million for the quarter, compared to the consensus estimate of $16.21 million. As a group, equities research analysts forecast that Dynatronics will post -0.13 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Dynatronics stock. Citadel Advisors LLC boosted its stake in shares of Dynatronics Co. (NASDAQ:DYNT) by 75.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,043 shares of the medical equipment provider’s stock after purchasing an additional 12,908 shares during the period. Citadel Advisors LLC owned about 0.36% of Dynatronics worth $50,000 at the end of the most recent reporting period. 12.44% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Cash Asset Ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.