Nortech Systems Incorporated (NASDAQ:NSYS) Stock Short Interest Report for September

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,450 shares, a decline of 62.0% from the September 15th total of 3,818 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,360 shares, the days-to-cover ratio is presently 0.2 days.

Nortech Systems Price Performance

Shares of NSYS traded down $0.14 during mid-day trading on Tuesday, hitting $11.01. The company’s stock had a trading volume of 7,653 shares, compared to its average volume of 18,055. 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 firm has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $13.52. The firm has a market capitalization of $31.38 million, a P/E ratio of 30.58 and a beta of -0.12. Nortech Systems has a 1-year low of $6.50 and a 1-year high of $18.01.

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

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently bought a new stake in Nortech Systems stock. BlackRock Inc. purchased a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to its most recent disclosure with the Securities and 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. Hedge funds and other institutional investors own 3.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Nortech Systems Company Profile

Nortech Systems Incorporated is an integrated design and manufacturing solutions provider headquartered in Maple Plain, Minnesota. The company develops and produces complex electromechanical systems and components for original equipment manufacturers in the medical, aerospace and defense, and industrial markets.

Nortech’s services include product development and engineering, prototyping, printed circuit board assembly, cable and wire harness manufacturing, system-level assembly, testing, and supply-chain management.