Dynatronics (NASDAQ:DYNT) Shares Pass Below 200 Day Moving Average of $1.88

Shares of Dynatronics Co. (NASDAQ:DYNT – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

Dynatronics Stock Up 1.3 %

The company has a market cap of $3.35 million, a PE ratio of -0.62 and a beta of 0.33. The company’s 50 day moving average is $1.38 and its 200 day moving average is $1.88. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dynatronics stock. Albion Financial Group UT acquired a new stake in Dynatronics Co. (NASDAQ:DYNT – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period. Institutional investors own 6.91% of the company’s stock.

Dynatronics Company Profile

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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.