Nortech Systems Incorporated (NASDAQ:NSYS – Get Free Report) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 3,144 shares, a decline of 42.2% from the February 12th total of 5,442 shares. Based on an average daily trading volume, of 3,649 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,649 shares, the days-to-cover ratio is currently 0.9 days.
Nortech Systems Price Performance
Shares of NSYS stock traded down $0.31 during mid-day trading on Friday, hitting $9.20. The company had a trading volume of 2,198 shares, compared to its average volume of 3,250. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.21. The stock’s 50 day moving average price is $8.85 and its 200-day moving average price is $8.61. Nortech Systems has a 52-week low of $6.50 and a 52-week high of $12.40. The company has a market capitalization of $25.63 million, a P/E ratio of -9.68 and a beta of -0.01.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Nortech Systems in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.
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