Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,059 shares, a decline of 34.5% from the February 26th total of 3,144 shares. Based on an average daily volume of 2,510 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Nortech Systems Stock Performance

NASDAQ:NSYS traded up $1.96 during mid-day trading on Friday, hitting $11.83. The company’s stock had a trading volume of 118,837 shares, compared to its average volume of 9,835. The business’s fifty day moving average is $9.29 and its two-hundred day moving average is $8.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.88 and a quick ratio of 1.19. The stock has a market cap of $33.01 million, a price-to-earnings ratio of -118.30 and a beta of -0.01. Nortech Systems has a 1 year low of $6.50 and a 1 year high of $12.40.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings results on Thursday, March 26th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $30.31 million during the quarter. Nortech Systems had a negative return on equity of 0.76% and a negative net margin of 0.21%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nortech Systems in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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.