Nortech Systems (NASDAQ:NSYS) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Nortech Systems Incorporated (NASDAQ:NSYS) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $11.16 and traded as high as $11.87. Nortech Systems shares last traded at $11.30, with a volume of 1,937 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NSYS shares. Wall Street Zen lowered shares of Nortech Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Nortech Systems currently has an average rating of “Hold”.

Nortech Systems Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $11.16 and a two-hundred day moving average price of $12.26. The company has a market capitalization of $32.21 million, a price-to-earnings ratio of 31.39 and a beta of -0.05.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Wednesday, August 12th. The electronics maker reported $0.11 EPS for the quarter. The business had revenue of $33.54 million for the quarter. Nortech Systems had a return on equity of 3.01% and a net margin of 0.83%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Nortech Systems stock. BlackRock Inc. purchased a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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. 3.05% of the stock is owned by institutional investors and hedge funds.

Nortech Systems Company Profile

Nortech Systems Incorporated is an electronics manufacturing services and engineering company headquartered in Maple Plain, Minnesota. The company helps customers design, develop, manufacture, and support complex electromechanical products and systems.

Its capabilities include printed circuit board assembly, cable and wire harness assembly, electromechanical assembly, box-build manufacturing, system integration, prototyping, testing, and related engineering and supply-chain services. Nortech works with customers from product development through production and ongoing support.

The company serves a range of markets, including medical, aerospace and defense, industrial, and transportation applications.