Dynatronics (NASDAQ:DYNT) Posts Quarterly Earnings Results

Dynatronics (NASDAQ:DYNT) announced its quarterly earnings results on Tuesday. The medical equipment provider reported ($0.43) earnings per share for the quarter, reports. The firm had revenue of $7.37 million for the quarter. Dynatronics had a negative net margin of 13.07% and a negative return on equity of 55.14%.

Dynatronics Stock Down 18.2 %

DYNT opened at $0.16 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.68 and a current ratio of 1.40. Dynatronics has a fifty-two week low of $0.14 and a fifty-two week high of $0.91. The firm’s fifty day moving average is $0.18 and its 200 day moving average is $0.32. The stock has a market cap of $914,500.00, a price-to-earnings ratio of -0.13 and a beta of 0.20.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Dynatronics in a research report on Monday. They set a “hold” rating for the company.

Dynatronics Company Profile

Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, orthopedics, pain management, and athletic training products in the United States. The company offers orthopedic soft bracing products include cervical collars, shoulder immobilizers, arm slings, wrist and elbow supports, abdominal and lumbosacral supports, maternity supports, knee immobilizers and supports, ankle walkers and supports, plantar fasciitis splints, and cold therapy products.