Brokerages Set Dynatronics Co. (NASDAQ:DYNT) Price Target at $3.88

Dynatronics Co. (NASDAQ:DYNT) has earned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $3.88.

Several brokerages have issued reports on DYNT. ValuEngine upgraded Dynatronics from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Dynatronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Aegis began coverage on Dynatronics in a research report on Wednesday, June 5th. They set a “buy” rating for the company.

DYNT traded down $0.02 during trading on Friday, hitting $1.22. The company’s stock had a trading volume of 669 shares, compared to its average volume of 5,741. The firm’s 50 day moving average price is $1.33 and its two-hundred day moving average price is $1.67. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.34. Dynatronics has a 12 month low of $1.20 and a 12 month high of $3.30. The stock has a market capitalization of $10.19 million, a price-to-earnings ratio of -3.05 and a beta of 0.13.

An institutional investor recently raised its position in Dynatronics stock. Citadel Advisors LLC lifted its position in shares of Dynatronics Co. (NASDAQ:DYNT) by 75.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,043 shares of the medical equipment provider’s stock after acquiring an additional 12,908 shares during the quarter. Citadel Advisors LLC owned approximately 0.36% of Dynatronics worth $50,000 at the end of the most recent reporting period. Institutional investors own 13.11% of the company’s stock.

Dynatronics Company Profile

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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