Nortech Systems (NASDAQ:NSYS) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Nortech Systems Incorporated (NASDAQ:NSYS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.86 and traded as low as $9.73. Nortech Systems shares last traded at $9.85, with a volume of 2,419 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Nortech Systems in a research report on Saturday. They issued a “hold” rating for the company.

Nortech Systems Price Performance

The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $10.11 and its 200 day moving average price is $10.85. The firm has a market cap of $27.16 million, a price-to-earnings ratio of 6.35 and a beta of 0.38.

Nortech Systems Company Profile

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.