Nortech Systems (NASDAQ:NSYS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Nortech Systems Incorporated (NASDAQ:NSYS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.66 and traded as low as $7.04. Nortech Systems shares last traded at $7.10, with a volume of 5,233 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Nortech Systems Price Performance

The company has a market capitalization of $19.81 million, a P/E ratio of -7.47 and a beta of 0.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.21. The company’s 50-day moving average price is $8.20 and its two-hundred day moving average price is $8.66.

Nortech Systems (NASDAQ:NSYS) last issued its quarterly earnings data on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter. Nortech Systems had a negative return on equity of 7.93% and a negative net margin of 2.25%.The company had revenue of $30.48 million for the quarter.

About Nortech Systems

Nortech Systems, Inc is a specialized engineering and manufacturing company that designs, develops and produces custom gas distribution and control solutions. Its core offerings include cryogenic valves and regulators, gas distribution panels and manifolds, and precision instrumentation for monitoring and controlling the delivery of industrial, specialty and medical gases. The company leverages in-house engineering, machining and assembly capabilities to tailor products to the exact specifications of its customers.

In addition to its mechanical product lines, Nortech Systems provides electronic monitoring and control systems.