Nortech Systems (NASDAQ:NSYS) Shares Pass Below 200-Day Moving Average – What’s Next?

Nortech Systems Incorporated (NASDAQ:NSYS)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.22 and traded as low as $11.32. Nortech Systems shares last traded at $11.53, with a volume of 6,836 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on NSYS shares. Weiss Ratings upgraded shares of Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Wall Street Zen lowered shares of Nortech Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Nortech Systems Trading Down 2.1%

The stock has a 50-day moving average of $13.25 and a two-hundred day moving average of $13.23. The company has a market cap of $31.94 million, a P/E ratio of 31.08 and a beta of -0.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.78.

Nortech Systems (NASDAQ:NSYS) last released its earnings results on Wednesday, August 12th. The electronics maker reported $0.11 EPS for the quarter. Nortech Systems had a return on equity of 3.01% and a net margin of 0.83%.The business had revenue of $33.54 million for the quarter.

Institutional Trading of Nortech Systems

A hedge fund recently bought a new position in Nortech Systems stock. BlackRock Inc. acquired a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned approximately 0.16% of Nortech Systems as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.05% of the company’s stock.

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.