Cronin Nancy

revealed that they own 14.2% of Dynatronics Co. (NASDAQ:DYNT) in a Form 13G disclosure that was filed with the SEC on Wednesday, December 13th. The investor owns 1,117,911 shares of the stock worth about $3,018,360. The reporting parties listed on the disclosure included Nancy K Cronin and Michael J Cronin. The disclosure is available through the SEC website at this hyperlink.

Separately, First Light Asset Management LLC bought a new position in shares of Dynatronics during the 2nd quarter valued at approximately $280,000. 18.17% of the stock is owned by hedge funds and other institutional investors.

Dynatronics Co. (DYNT) opened at $2.70 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.46 and a debt-to-equity ratio of 0.81. Dynatronics Co. has a 12-month low of $2.10 and a 12-month high of $3.75.

Dynatronics (NASDAQ:DYNT) last announced its quarterly earnings data on Tuesday, November 14th. The medical equipment provider reported $0.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.08. The company had revenue of $12.80 million for the quarter. Dynatronics had a negative return on equity of 45.78% and a negative net margin of 3.42%. research analysts predict that Dynatronics Co. will post -0.09 EPS for the current year.

Separately, Zacks Investment Research raised Dynatronics from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st.

In other Dynatronics news, major shareholder Ventures 1 Lp Provco purchased 300,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $2.50 per share, for a total transaction of $750,000.00. Following the completion of the purchase, the insider now owns 586,944 shares in the company, valued at approximately $1,467,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Larkin purchased 40,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $2.50 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 80,276 shares of the company’s stock, valued at approximately $200,690. The disclosure for this purchase can be found here. 51.80% of the stock is currently owned by corporate insiders.

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About Dynatronics

Dynatronics Corporation is a manufacturer and distributor of physical medicine products. The Company’s products include a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Its products are used by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals.

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