Nortech Systems (NASDAQ:NSYS) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Nortech Systems Incorporated (NASDAQ:NSYS)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.12 and traded as low as $11.47. Nortech Systems shares last traded at $11.55, with a volume of 10,082 shares changing hands.

Analysts Set New Price Targets

NSYS has been the topic of several analyst reports. Weiss Ratings upgraded shares of Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded shares of Nortech Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nortech Systems has a consensus rating of “Hold”.

Nortech Systems Stock Down 1.5%

The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $13.78 and a two-hundred day moving average of $13.14. The firm has a market capitalization of $32.32 million, a price-to-earnings ratio of 31.50 and a beta of -0.06.

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

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new stake in Nortech Systems stock. BlackRock Inc. acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned about 0.16% of Nortech Systems at the end of the most recent reporting period. 3.05% of the stock is owned by hedge funds and other institutional investors.

Nortech Systems Company Profile

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.