Dynatronics (DYNT) Issues Quarterly Earnings Results

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.

In other Dynatronics news, major shareholder Ventures 1 Lp Provco purchased 300,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were acquired at an average cost of $2.50 per share, for a total transaction of $750,000.00. Following the completion of the transaction, the insider now directly owns 586,944 shares of the company’s stock, valued at $1,467,360. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian Larkin purchased 40,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was acquired at an average price of $2.50 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 80,276 shares of the company’s stock, valued at $200,690. The disclosure for this purchase can be found here. Insiders bought 369,015 shares of company stock worth $930,372 over the last quarter. Company insiders own 51.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/13/dynatronics-dynt-issues-quarterly-earnings-results.html.

About Dynatronics

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.

Earnings History for Dynatronics (NASDAQ:DYNT)

Receive News & Ratings for Dynatronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply