Dynatronics Corp., based in Salt Lake City, said Tuesday that its board of directors has increased its open-market share repurchase program of the company's common stock by $250,000.
The company said it expects to make purchases with cash from operations and amounts available under its line of credit. It said increased borrowings would be needed to complete the full repurchase program. At the current $1.13-per-share price, the full repurchase would amount to about 221,000 shares of stock, or about 2 percent of the issued and outstanding shares.
Dynatronics manufactures, markets and distributes medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment.