Nortech Systems (NASDAQ:NSYS) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.87 and traded as low as $13.56. Nortech Systems shares last traded at $13.56, with a volume of 8,364 shares trading hands.

Analyst Ratings Changes

NSYS has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Nortech Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Nortech Systems to a “strong-buy” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nortech Systems Stock Down 6.7%

The firm has a market cap of $37.83 million and a P/E ratio of 36.65. The stock’s 50 day simple moving average is $14.87 and its 200 day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.12 and a current ratio of 1.84.

Nortech Systems (NASDAQ:NSYS) last posted its earnings results on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share for the quarter. The company had revenue of $30.32 million during the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%.

About Nortech Systems

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.