Nortech Systems (NASDAQ:NSYS) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Nortech Systems Incorporated (NASDAQ:NSYS – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.89 and traded as low as $6.81. Nortech Systems shares last traded at $6.81, with a volume of 4,101 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nortech Systems has a consensus rating of “Sell”.

View Our Latest Report on Nortech Systems

Nortech Systems Stock Down 2.0%

The company has a quick ratio of 1.84, a current ratio of 2.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $18.97 million, a PE ratio of -5.82 and a beta of 0.06. The company’s fifty day moving average is $8.93 and its 200-day moving average is $8.89.

Nortech Systems (NASDAQ:NSYS – Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share for the quarter. The firm had revenue of $30.48 million for the quarter. Nortech Systems had a negative net margin of 2.74% and a negative return on equity of 9.55%.

About Nortech Systems

(Get Free Report)

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.

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