Nortech Systems (NASDAQ:NSYS) Shares Pass Below 200-Day Moving Average – Should You Sell?

Nortech Systems Incorporated (NASDAQ:NSYS) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.98 and traded as low as $6.92. Nortech Systems shares last traded at $7.03, with a volume of 5,178 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Nortech Systems in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Nortech Systems Stock Down 0.1%

The company has a current ratio of 2.70, a quick ratio of 1.84 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $9.23 and a 200 day simple moving average of $8.98. The company has a market cap of $19.59 million, a P/E ratio of -6.01 and a beta of 0.06.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $30.48 million for the quarter. Nortech Systems had a negative net margin of 2.74% and a negative return on equity of 9.55%.

Nortech Systems Company Profile

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.