Nortech Systems (NASDAQ:NSYS) Shares Cross Below 200 Day Moving Average of $12.80

Shares of Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.80 and traded as low as $11.02. Nortech Systems shares last traded at $11.78, with a volume of 18,590 shares.

Nortech Systems Stock Performance

The stock has a fifty day simple moving average of $14.00 and a 200-day simple moving average of $12.80. The stock has a market cap of $31.69 million, a P/E ratio of 4.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.19.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,056 shares of the electronics maker’s stock, valued at approximately $106,000. Dimensional Fund Advisors LP owned about 0.38% of Nortech Systems at the end of the most recent reporting period. 3.52% of the stock is currently owned by institutional investors.

About Nortech Systems

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Nortech Systems, Inc operates as an electronic manufacturing services company. The firm offers a full range of value-added engineering, technical and manufacturing services and support including project management, designing, testing, prototyping, manufacturing, supply chain management and post-market services.

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