Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,745 shares, a drop of 53.6% from the August 15th total of 8,076 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 13,909 shares, the days-to-cover ratio is currently 0.3 days.

Nortech Systems Price Performance

Shares of NSYS opened at $11.19 on Monday. The company has a market cap of $31.89 million, a price-to-earnings ratio of 31.08 and a beta of -0.06. Nortech Systems has a twelve month low of $6.50 and a twelve month high of $18.01. The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $13.19 and a two-hundred day moving average of $13.25.

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 return on equity of 3.01% and a net margin of 0.83%.The business had revenue of $33.54 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NSYS shares. Weiss Ratings raised Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. BlackRock Inc. purchased a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned about 0.16% of Nortech Systems as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.05% of the company’s stock.

Nortech Systems Company Profile

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.