Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Down 34.5% in March

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,059 shares, a decrease of 34.5% from the February 26th total of 3,144 shares. Based on an average daily volume of 2,510 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Nortech Systems Price Performance

NSYS stock traded up $0.02 during midday trading on Monday, reaching $11.85. The company had a trading volume of 62,873 shares, compared to its average volume of 8,214. Nortech Systems has a 1-year low of $6.50 and a 1-year high of $12.40. The stock has a 50 day moving average price of $9.29 and a 200-day moving average price of $8.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.88 and a quick ratio of 1.19. The company has a market capitalization of $33.01 million, a price-to-earnings ratio of -118.50 and a beta of -0.01.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Thursday, March 26th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $30.31 million for the quarter. Nortech Systems had a negative net margin of 0.21% and a negative return on equity of 0.76%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.