Dynatronics Corporation (NASDAQ:DYNT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “DYNATRONICS CORP. is involved in the design, manufacture and sale of medical devices for therapeutic use by medical practitioners. “

Separately, ValuEngine raised Dynatronics Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, July 28th.

Shares of Dynatronics Corporation (NASDAQ:DYNT) opened at $2.50 on Tuesday. Dynatronics Corporation has a 52-week low of $2.10 and a 52-week high of $3.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.46 and a quick ratio of 0.92.

Dynatronics Corporation (NASDAQ:DYNT) last issued its earnings results on Tuesday, November 14th. The medical equipment provider reported $0.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.08. Dynatronics Corporation had a negative return on equity of 45.78% and a negative net margin of 3.42%. The firm had revenue of $12.80 million for the quarter. equities research analysts anticipate that Dynatronics Corporation will post -0.09 EPS for the current year.

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A hedge fund recently bought a new stake in Dynatronics Corporation stock. First Light Asset Management LLC bought a new position in Dynatronics Corporation (NASDAQ:DYNT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the medical equipment provider’s stock, valued at approximately $280,000. First Light Asset Management LLC owned 2.72% of Dynatronics Corporation at the end of the most recent reporting period. 17.16% of the stock is currently owned by institutional investors.

About Dynatronics Corporation

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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