Dynatronics (NASDAQ:DYNT) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Dynatronics Co. (NASDAQ:DYNT) shares crossed 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 changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Dynatronics in a report on Friday. They issued a “hold” rating on the stock.

Dynatronics Price Performance

The company has a quick ratio of 0.60, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $0.13 and its 200 day moving average is $0.19. The firm has a market capitalization of $961,420.00, a price-to-earnings ratio of -0.14 and a beta of 0.16.

Dynatronics (NASDAQ:DYNT) last announced its earnings results on Tuesday, September 24th. The medical equipment provider reported ($0.43) EPS for the quarter. The business had revenue of $7.37 million for 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.