Dynatronics (NASDAQ:DYNT) Stock Passes Below 200-Day Moving Average – Here’s Why

Dynatronics Co. (NASDAQ:DYNT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.19 and traded as low as $0.12. Dynatronics shares last traded at $0.13, with a volume of 4,419 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Dynatronics in a report on Friday. They set a “hold” rating on the stock.

Dynatronics Price Performance

The firm has a market capitalization of $961,420.00, a price-to-earnings ratio of -0.14 and a beta of 0.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.60. The stock has a fifty day moving average of $0.13 and a two-hundred day moving average of $0.19.

Dynatronics (NASDAQ:DYNT) last issued its quarterly earnings results on Tuesday, September 24th. The medical equipment provider reported ($0.43) earnings per share for the quarter. The company had revenue of $7.37 million during the quarter. Dynatronics had a negative net margin of 8.88% and a negative return on equity of 41.41%.

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.