Nortech Systems (NASDAQ:NSYS) Shares Cross Below 200 Day Moving Average – Here’s Why

Nortech Systems Incorporated (NASDAQ:NSYS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.74 and traded as low as $7.40. Nortech Systems shares last traded at $7.4450, with a volume of 792 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Nortech Systems Stock Performance

The business has a fifty day moving average price of $8.41 and a 200 day moving average price of $8.73. The company has a market capitalization of $20.65 million, a price-to-earnings ratio of -7.79 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.

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

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.