Dynatronics Corporation (DYNT) Stock Rockets On COVID-19 News

Dynatronics Corporation DYNT Stock News

Dynatronics Corporation (NASDAQ: DYNT) is rocketing in the market this morning, trading on gains of more than 238% early on. At first glance, there didn’t seem to be a catalyst for the news. However, upon digging further, I’ve found that there’s very good reason for the gains. In fact, the company is, to my knowledge, one of only two companies that are currently selling products to combat the spread of the Wuhan Coronavirus, or COVID-19. Here’s what’s happening:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

DYNT Stock Climbs On Protex Disinfectant Spray

As the coronavirus spreads, the market remains a sea of red. That is, unless you’re looking at coronavirus-related stocks. In fact, if investors can make a connection between the stock and COVID-19, we’re seeing tremendous gains. This is exactly the case for Dynatronics Corporation.

One of the products that Dynatronics Corporation markets is known as Protex Disinfectant Spray. On the product’s label, the company outlines the types of viruses that are killed using the spray. One of these viruses is the Human Coronavirus.

In fact, even the CDC has pointed to this disinfectant product as a way to combat the sprea of the coronavirus.

To date, this is one of only two products that I’ve been able to find that directly relate to the prevention of the spread of COVID-19 and are available now. Of course, this gives DYNT a bit of a competitive advantage.

Just take a look at what we’ve seen from the other product, face masks provided by Alpha Pro Tech (NYSEAMERICAN: APT). The company has announced a significant increase in demand for its face masks. As such, the stock has seen a dramatic rise.

Considering that COVID-19 is a massive global issue, and that Protex Disinfectant Spray is thought to assist in the prevention of the virus, demand for this product is likely to skyrocket ahead, making DYNT a stock to watch very closely.

Why This Is Such Big News

Recently, the world has been caught off guard by the spread of the Wuhan Coronavirus. While a long list of biotechnology companies are working to develop vaccines and treatments for the virus, there are very few that have products on the market.

With only two products on the market that are currently being used to prevent the spread of the virus, Dynatronics and Alpha Pro Tech have a clear competitive advantage here. At least for the moment, the two companies can expect continued significant increases in demand and the potential for strong revenue growth.

All in all, DYNT represents a huge potential opportunity ahead.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Don’t Miss The Next Big Story!

Join our free mailing list below to receive real-time news alerts!

Subscribe Today!

* indicates required

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.