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

Dynatronics Co. (NASDAQ:DYNT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.18 and traded as low as $0.12. Dynatronics shares last traded at $0.14, with a volume of 1,482 shares traded.

Analyst Ratings Changes

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

Dynatronics Stock Performance

The business has a 50 day moving average of $0.13 and a 200-day moving average of $0.18. The company has a market capitalization of $983,188.00, a P/E ratio of -0.14 and a beta of 0.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 1.35.

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

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.