Zacks: Brokerages Set $7.50 Target Price for Dynatronics Co. (DYNT)

Shares of Dynatronics Co. (NASDAQ:DYNT) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $7.50 for the company, according to Zacks. Zacks has also assigned Dynatronics an industry rank of 109 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Dynatronics from a “hold” rating to a “sell” rating in a report on Monday, September 4th.

Shares of Dynatronics (DYNT) traded up $0.15 during trading on Thursday, reaching $2.70. The company’s stock had a trading volume of 14,568 shares, compared to its average volume of 10,542. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.46 and a quick ratio of 0.92. Dynatronics has a 52-week low of $2.10 and a 52-week high of $3.75.

Dynatronics (NASDAQ:DYNT) last issued its quarterly earnings results on Tuesday, November 14th. The medical equipment provider reported $0.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.08. Dynatronics had a negative return on equity of 45.78% and a negative net margin of 3.42%. The firm had revenue of $12.80 million during the quarter. sell-side analysts forecast that Dynatronics will post -0.09 earnings per share for the current year.

In other Dynatronics news, major shareholder Ventures 1 Lp Provco purchased 300,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $2.50 per share, for a total transaction of $750,000.00. Following the acquisition, the insider now owns 586,944 shares in the company, valued at approximately $1,467,360. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Larkin purchased 40,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of $2.50 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now owns 80,276 shares in the company, valued at approximately $200,690. The disclosure for this purchase can be found here. Company insiders own 51.80% of the company’s stock.

An institutional investor recently bought a new position in Dynatronics stock. First Light Asset Management LLC bought a new stake in Dynatronics Co. (NASDAQ:DYNT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 100,000 shares of the medical equipment provider’s stock, valued at approximately $280,000. First Light Asset Management LLC owned 2.72% of Dynatronics at the end of the most recent reporting period. Institutional investors own 18.17% of the company’s stock.

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Dynatronics Company Profile

Dynatronics Corporation is a manufacturer and distributor of physical medicine products. The Company’s products include a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Its products are used by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals.

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