Dynatronics (NASDAQ:DYNT) Stock Passes Below 200 Day Moving Average of $1.88

Dynatronics Co. (NASDAQ:DYNT – Get Rating)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.88 and traded as low as $0.82. Dynatronics shares last traded at $0.83, with a volume of 23,546 shares.

Analysts Set New Price Targets

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

Dynatronics Price Performance

The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $1.38 and a 200-day moving average of $1.88. The stock has a market capitalization of $3.35 million, a price-to-earnings ratio of -0.62 and a beta of 0.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dynatronics stock. Albion Financial Group UT bought a new stake in Dynatronics Co. (NASDAQ:DYNT – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,000 shares of the medical equipment provider’s stock, valued at approximately $26,000. Albion Financial Group UT owned about 0.45% of Dynatronics as of its most recent filing with the Securities & Exchange Commission. 6.91% of the stock is owned by institutional investors and hedge funds.

About Dynatronics

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Dynatronics Corp. engages in the design, manufacture, and market of restorative products for physical therapy, rehabilitation, orthopedics, pain management, and athletic training. Its products include Therapeutic Modalities, Supplies, Traction Equipment, and Tables and Equipment. The company was founded by Kelvyn H.