Healthcare Stock To Keep Eyes On – Dynatronics Corporation (NASDAQ:DYNT)
On Wednesday, Shares of Dynatronics Corporation (NASDAQ:DYNT), gained 1.79% to $2.85. During the day, the lowest price at which share is traded was $2.80 and hit the highest price at $2.90. The stock’s institutional ownership stands at 8.60%.
Dynatronics Corporation (NASDAQ: DYNT) declared today the appointment of Cynthia L. McHenry (Cyndi) as Vice President of Operations. Cyndi will be responsible for leading Dynatronics manufacturing, distribution, and purchasing operations across the entire organization and will report to Dynatronics’ CEO Kelvyn H. Cullimore, Jr.
Cyndi’s appointment concludes an extensive search process conducted by the company as it continues to execute on its planned plans and programs. Her hiring will facilitate a more aggressive approach to our expansion plans through acquisitions and better focus on improving operating efficiencies.
For close to 20 years, Cyndi worked for St. Jude Medical (now Abbott), an industry leader providing artificial heart valves, pacemakers, and other disease-administration medical devices. Cyndi worked as their Senior Director of Global Operations Integration and Site Optimization from 2013 – 2015, where she defined strategy and led business integrations and site consolidations in the US and internationally. Before this position, she served as the Director of Product Development (2008-2013) and Director of Engineering Operations and Services (2002-2008).
“Cyndi’s experience in manufacturing, distribution, purchasing and integration brings noteworthy depth to the Dynatronics’ administration team,” said Kelvyn H. Cullimore, Jr., Dynatronics’ Chairman and CEO. “Given Cyndi’s extensive background across all areas of production and change administration, in addition to her experience at St. Jude Medical for nearly 20 years, I am confident in her ability to lead our operations. I believe she will be a strong leader in all aspects of our manufacturing, distribution and purchasing. I look forward to the ideas and perspectives she will bring to Dynatronics.”
In her role at Dynatronics, Cyndi will serve on the company’s executive administration team and will also play a key role in the planning and integration of acquisitions. Her predecessor in the role, Doug Sampson has been designated Vice President of Research, Development and Quality Systems for Dynatronics, focused on accelerating the development of new products and driving Dynatronics’ commitment to quality and compliance.
“I am very happy to join Dynatronics,” said Ms. McHenry. “This is a company with a great reputation and momentum in the physical medicine industry. I am excited to join the administration team and to contribute to the success of the business as we continue to evolve into a profitable and growing company.”
Technical Analysis:
Dynatronics Corporation (NASDAQ:DYNT) has market value of $8.53Million while its EPS was booked as $-0.98 in the last 12 months. The stock has 3.04 million shares outstanding. In the profitability analysis, the company has gross profit margin of 34.00 % while net profit margin was -8.50%. Beta value of the company was 0.54; beta is used to measure riskiness of the security.
Analyst recommendation for this stock stands at 1.00.