Nortech Systems (NASDAQ:NSYS) Stock Passes Above 50-Day Moving Average of $11.80

Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.80 and traded as high as $12.14. Nortech Systems shares last traded at $12.14, with a volume of 700 shares traded.

Separately, TheStreet raised shares of Nortech Systems from a “d+” rating to a “c” rating in a research report on Tuesday, March 8th.

The company has a market capitalization of $32.56 million, a P/E ratio of 3.90 and a beta of 1.04. The company’s 50-day moving average price is $11.80 and its two-hundred day moving average price is $10.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.28.

Nortech Systems (NASDAQ:NSYSGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The electronics maker reported $0.05 earnings per share for the quarter. The company had revenue of $30.71 million for the quarter. Nortech Systems had a net margin of 7.14% and a return on equity of 17.58%.

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC grew its stake in Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,663 shares of the electronics maker’s stock after purchasing an additional 9,904 shares during the quarter. Renaissance Technologies LLC owned approximately 2.88% of Nortech Systems worth $882,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.74% of the company’s stock.

Nortech Systems Company Profile (NASDAQ:NSYS)

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.

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