ValuEngine cut shares of Dynatronics (NASDAQ:DYNT) from a buy rating to a hold rating in a research note issued to investors on Wednesday, ValuEngine reports.

DYNT has been the topic of several other reports. Zacks Investment Research raised shares of Dynatronics from a sell rating to a hold rating in a research report on Tuesday, April 16th. Roth Capital decreased their price target on shares of Dynatronics from $4.50 to $4.00 and set a buy rating for the company in a report on Wednesday, February 13th. Maxim Group started coverage on shares of Dynatronics in a report on Thursday, April 4th. They set a buy rating and a $3.75 price target for the company. Finally, TheStreet cut shares of Dynatronics from a c- rating to a d+ rating in a report on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $3.67.

Shares of Dynatronics stock traded down $0.07 during trading on Wednesday, hitting $1.62. The stock had a trading volume of 14,633 shares, compared to its average volume of 9,606. The company has a market cap of $13.39 million, a P/E ratio of -4.05 and a beta of -0.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 0.66. Dynatronics has a 1 year low of $1.65 and a 1 year high of $3.60.

Dynatronics (NASDAQ:DYNT) last released its earnings results on Wednesday, February 13th. The medical equipment provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $15.44 million during the quarter, compared to analysts’ expectations of $16.28 million. Dynatronics had a negative return on equity of 10.67% and a negative net margin of 2.94%. On average, analysts expect that Dynatronics will post -0.18 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Dynatronics stock. Vanguard Group Inc purchased a new position in shares of Dynatronics Co. (NASDAQ:DYNT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,747 shares of the medical equipment provider’s stock, valued at approximately $79,000. Vanguard Group Inc owned 0.34% of Dynatronics as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 13.20% of the company’s stock.

About Dynatronics

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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