Dynatronics (NASDAQ:DYNT) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Dynatronics (NASDAQ:DYNT) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

Separately, Maxim Group set a $3.00 target price on Dynatronics and gave the company a buy rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $3.50.

NASDAQ:DYNT traded down $0.03 on Thursday, reaching $0.75. The company’s stock had a trading volume of 135,500 shares, compared to its average volume of 12,079. Dynatronics has a 12-month low of $0.72 and a 12-month high of $2.88. The company has a quick ratio of 0.59, a current ratio of 1.39 and a debt-to-equity ratio of 0.33. The firm has a market cap of $6.60 million, a price-to-earnings ratio of -3.57 and a beta of 0.07. The stock has a 50 day moving average price of $0.93 and a 200 day moving average price of $1.36.

Dynatronics (NASDAQ:DYNT) last posted its earnings results on Tuesday, November 12th. The medical equipment provider reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Dynatronics had a negative return on equity of 9.65% and a negative net margin of 1.47%. Equities research analysts expect that Dynatronics will post -0.16 EPS for the current fiscal year.

A hedge fund recently raised its stake in Dynatronics stock. Citadel Advisors LLC raised its holdings in Dynatronics Co. (NASDAQ:DYNT) by 75.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,043 shares of the medical equipment provider’s stock after purchasing an additional 12,908 shares during the quarter. Citadel Advisors LLC owned 0.36% of Dynatronics worth $50,000 as of its most recent SEC filing. 12.71% of the stock is owned by institutional investors.

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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