Wall Street Zen Downgrades Nortech Systems (NASDAQ:NSYS) to Buy

Nortech Systems (NASDAQ:NSYS) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, 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. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nortech Systems Stock Performance

Shares of NSYS stock opened at $12.11 on Friday. The company’s fifty day simple moving average is $15.02 and its 200-day simple moving average is $12.88. The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.06. Nortech Systems has a 12 month low of $6.50 and a 12 month high of $18.01. The firm has a market cap of $33.79 million, a PE ratio of 33.64 and a beta of -0.03.

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 company had revenue of $33.54 million during the quarter. Nortech Systems had a net margin of 0.83% and a return on equity of 3.01%.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. BlackRock Inc. acquired a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned approximately 0.16% of Nortech Systems as of its most recent SEC filing. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.