Nortech Systems (NASDAQ:NSYS) Issues Earnings Results

Nortech Systems (NASDAQ:NSYS) released its quarterly earnings results on Wednesday. The electronics maker reported $0.11 earnings per share for the quarter, FiscalAI reports. Nortech Systems had a return on equity of 3.05% and a net margin of 0.85%.The firm had revenue of $33.54 million for the quarter.

Nortech Systems Price Performance

NSYS stock traded up $0.33 during mid-day trading on Wednesday, hitting $15.21. The company had a trading volume of 6,398 shares, compared to its average volume of 19,517. The company has a 50-day moving average price of $15.20 and a 200 day moving average price of $12.78. Nortech Systems has a 12-month low of $6.50 and a 12-month high of $18.01. The company has a market capitalization of $42.51 million, a price-to-earnings ratio of 41.11 and a beta of -0.03. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.07.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings raised Nortech Systems from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded Nortech Systems to a “strong-buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new stake in Nortech Systems stock. BlackRock Inc. acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned approximately 0.16% of Nortech Systems at the end of the most recent reporting period. Institutional investors and hedge funds own 3.05% of the company’s stock.

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.