Nortech Systems (NASDAQ:NSYS) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Nortech Systems Incorporated (NASDAQ:NSYS) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.25 and traded as low as $8.41. Nortech Systems shares last traded at $9.20, with a volume of 5,149 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Nortech Systems in a report on Tuesday, April 22nd. They issued a “hold” rating on the stock.

Nortech Systems Price Performance

The company has a market cap of $25.40 million, a price-to-earnings ratio of 5.94 and a beta of 0.30. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $9.16 and a 200 day moving average price of $10.25.

Nortech Systems (NASDAQ:NSYS) last announced its earnings results on Monday, March 31st. The electronics maker reported ($0.54) EPS for the quarter. The company had revenue of $28.62 million for the quarter. Nortech Systems had a net margin of 3.35% and a return on equity of 12.76%.

About Nortech Systems

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.