Nortech Systems (NASDAQ:NSYS) Stock Passes Below 200 Day Moving Average of $12.80

Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.80 and traded as low as $11.02. Nortech Systems shares last traded at $11.78, with a volume of 18,590 shares changing hands.

Nortech Systems Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.19 and a quick ratio of 1.30. The company’s 50 day moving average price is $14.00 and its 200 day moving average price is $12.80. The firm has a market capitalization of $31.69 million, a P/E ratio of 17.07 and a beta of 0.86.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,056 shares of the electronics maker’s stock, valued at approximately $106,000. Dimensional Fund Advisors LP owned about 0.38% of Nortech Systems as of its most recent filing with the Securities and Exchange Commission (SEC). 3.52% of the stock is owned by institutional investors.

About Nortech Systems

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Nortech Systems, Inc operates as an electronic manufacturing services company. The firm offers a full range of value-added engineering, technical and manufacturing services and support including project management, designing, testing, prototyping, manufacturing, supply chain management and post-market services.

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