Nortech Systems (NASDAQ:NSYS) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Nortech Systems Incorporated (NASDAQ:NSYS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.00 and traded as low as $11.63. Nortech Systems shares last traded at $11.65, with a volume of 5,337 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on NSYS. Wall Street Zen lowered shares of Nortech Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings raised Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nortech Systems Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $14.39 and its two-hundred day simple moving average is $13.02. The firm has a market cap of $33.91 million, a price-to-earnings ratio of 33.06 and a beta of -0.03.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Nortech Systems stock. BlackRock Inc. bought a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned 0.16% of Nortech Systems at the end of the most recent reporting period. Hedge funds and other institutional investors 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.