Dynatronics (NASDAQ:DYNT) issued its earnings results on Tuesday. The medical equipment provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.24), reports. Dynatronics had a negative return on equity of 45.78% and a negative net margin of 3.42%.
Shares of Dynatronics (NASDAQ:DYNT) traded up $0.20 on Tuesday, reaching $3.20. 69,582 shares of the company’s stock traded hands, compared to its average volume of 19,273. The firm has a market capitalization of $12.76, a price-to-earnings ratio of -2.88 and a beta of -0.53. Dynatronics has a one year low of $2.10 and a one year 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.
Separately, Zacks Investment Research upgraded shares of Dynatronics from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Monday, January 8th.
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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