Nortech Systems (NASDAQ:NSYS) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.87 and traded as low as $13.56. Nortech Systems shares last traded at $13.56, with a volume of 8,364 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NSYS. Wall Street Zen raised Nortech Systems to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Nortech Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nortech Systems Stock Performance

The stock’s 50-day moving average price is $14.89 and its 200-day moving average price is $11.72. The company has a current ratio of 1.84, a quick ratio of 1.12 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $40.51 million and a P/E ratio of 39.24.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share for the quarter. The business had revenue of $30.32 million for the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%.

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.