Dynatronics (NASDAQ:DYNT) Share Price Crosses Below 200-Day Moving Average of $0.54

Shares of Dynatronics Co. (NASDAQ:DYNT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.54 and traded as low as $0.37. Dynatronics shares last traded at $0.37, with a volume of 3,496,161 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Dynatronics in a research note on Tuesday. They issued a “hold” rating for the company.

Dynatronics Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 1.41. The firm’s 50 day moving average is $0.46 and its 200-day moving average is $0.53. The firm has a market cap of $2.86 million, a price-to-earnings ratio of -0.40 and a beta of 0.45.

Dynatronics (NASDAQ:DYNT) last released its quarterly earnings data on Wednesday, February 7th. The medical equipment provider reported ($0.27) earnings per share (EPS) for the quarter. Dynatronics had a negative net margin of 14.13% and a negative return on equity of 54.88%. The business had revenue of $8.15 million during the quarter.

About Dynatronics

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.