Initiates Coverage on Dynatronics (NASDAQ:DYNT) began coverage on shares of Dynatronics (NASDAQ:DYNTGet Rating) in a report released on Monday. The firm issued a hold rating on the medical equipment provider’s stock.

Separately, Lake Street Capital started coverage on Dynatronics in a report on Wednesday, July 27th. They issued a buy rating and a $4.00 target price for the company.

Dynatronics Price Performance

Shares of DYNT opened at $0.44 on Monday. Dynatronics has a 1 year low of $0.30 and a 1 year high of $1.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 0.73. The company has a market capitalization of $8.30 million, a price-to-earnings ratio of -1.37 and a beta of 0.21. The business has a 50-day moving average of $0.48 and a 200-day moving average of $0.58.

Dynatronics (NASDAQ:DYNTGet Rating) last issued its quarterly earnings data on Thursday, September 22nd. The medical equipment provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $11.19 million for the quarter, compared to the consensus estimate of $11.22 million. Dynatronics had a negative return on equity of 33.81% and a negative net margin of 11.30%. As a group, equities research analysts anticipate that Dynatronics will post -0.12 earnings per share for the current year.

Dynatronics Company Profile

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Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, orthopedics, pain management, and athletic training products in the United States. The company offers orthopedic soft bracing products include cervical collars, shoulder immobilizers, arm slings, wrist and elbow supports, abdominal and lumbosacral supports, maternity supports, knee immobilizers and supports, ankle walkers and supports, plantar fasciitis splints, and cold therapy products; and therapeutic modality devices comprising electrotherapy, ultrasound, phototherapy, traction, hot and cold therapy, and electrodes.

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