Nortech Systems (NASDAQ:NSYS) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Nortech Systems (NASDAQ:NSYS) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Separately, Weiss Ratings upgraded Nortech Systems from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Nortech Systems Trading Up 2.1%

NSYS opened at $12.36 on Friday. The firm’s fifty day moving average is $14.94 and its two-hundred day moving average is $12.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.78. The firm has a market cap of $34.55 million, a PE ratio of 34.33 and a beta of -0.03. Nortech Systems has a twelve month low of $6.50 and a twelve month high of $18.01.

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

Institutional Trading of Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. BlackRock Inc. purchased a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned 0.16% of Nortech Systems as of its most recent SEC filing. Institutional investors and hedge funds 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.