Nortech Systems (NASDAQ:NSYS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.83 and traded as low as $9.90. Nortech Systems shares last traded at $10.03, with a volume of 3,164 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Nortech Systems in a research note on Friday. They issued a “hold” rating for the company.

Nortech Systems Stock Up 2.9 %

The stock has a market capitalization of $28.48 million, a price-to-earnings ratio of 6.66 and a beta of 0.47. The business has a 50-day moving average of $10.70 and a 200-day moving average of $11.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $31.41 million during the quarter. Nortech Systems had a net margin of 3.35% and a return on equity of 12.76%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned approximately 0.39% of Nortech Systems as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.05% of the company’s stock.

Nortech Systems Company Profile

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.