Dynatronics Corporation (NASDAQ:DYNT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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 lowered shares of Dynatronics Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 17th.

Dynatronics Corporation (NASDAQ DYNT) opened at 2.60 on Tuesday. The firm’s market cap is $9.58 million. The firm’s 50 day moving average is $2.57 and its 200-day moving average is $2.82. Dynatronics Corporation has a 12 month low of $2.29 and a 12 month high of $3.75.

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An institutional investor recently bought a new position in Dynatronics Corporation stock. First Light Asset Management LLC acquired a new position in Dynatronics Corporation (NASDAQ:DYNT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities & Exchange Commission. 18.23% of the stock is currently owned by institutional investors and hedge funds.

Dynatronics Corporation Company Profile

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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