Brian Larkin Acquires 40,000 Shares of Dynatronics Co. (DYNT) Stock
Dynatronics Co. (NASDAQ:DYNT) Director Brian Larkin acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $2.50 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now owns 80,276 shares of the company’s stock, valued at approximately $200,690. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Dynatronics Co. (DYNT) traded up $0.02 during trading on Friday, reaching $2.52. 12,292 shares of the company traded hands, compared to its average volume of 13,578. Dynatronics Co. has a 52-week low of $2.10 and a 52-week high of $3.75. The company has a quick ratio of 0.92, a current ratio of 1.46 and a debt-to-equity ratio of 0.81.
Dynatronics (NASDAQ:DYNT) last released its quarterly earnings data on Tuesday, November 14th. The medical equipment provider reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.08. Dynatronics had a negative net margin of 3.42% and a negative return on equity of 45.78%. The firm had revenue of $12.80 million during the quarter. equities research analysts predict that Dynatronics Co. will post -0.09 earnings per share for the current year.
Separately, Zacks Investment Research cut shares of Dynatronics from a “hold” rating to a “sell” rating in a research report on Monday, September 4th.
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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