Nortech Systems (NASDAQ:NSYS) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $11.16 and traded as high as $11.87. Nortech Systems shares last traded at $11.30, with a volume of 1,937 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSYS shares. Weiss Ratings upgraded Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Wall Street Zen lowered Nortech Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Nortech Systems has a consensus rating of “Hold”.

Nortech Systems Stock Performance

The company has a market cap of $32.21 million, a PE ratio of 31.39 and a beta of -0.05. The stock’s 50 day simple moving average is $11.16 and its two-hundred day simple moving average is $12.26. The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.06.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. BlackRock Inc. bought a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent filing 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 about 0.16% of Nortech Systems at the end of the most recent quarter. 3.05% of the stock is owned by institutional investors and hedge funds.

About Nortech Systems

Nortech Systems Incorporated is an electronics manufacturing services and engineering company headquartered in Maple Plain, Minnesota. The company helps customers design, develop, manufacture, and support complex electromechanical products and systems.

Its capabilities include printed circuit board assembly, cable and wire harness assembly, electromechanical assembly, box-build manufacturing, system integration, prototyping, testing, and related engineering and supply-chain services. Nortech works with customers from product development through production and ongoing support.

The company serves a range of markets, including medical, aerospace and defense, industrial, and transportation applications.