Nortech Systems (NASDAQ:NSYS) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.66 and traded as low as $7.04. Nortech Systems shares last traded at $7.10, with a volume of 5,233 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Nortech Systems Stock Up 0.1%

The company has a market capitalization of $19.81 million, a PE ratio of -7.47 and a beta of 0.14. The company’s fifty day moving average is $8.20 and its 200-day moving average is $8.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.76.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings results on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share for the quarter. The firm had revenue of $30.48 million during the quarter. Nortech Systems had a negative return on equity of 7.93% and a negative net margin of 2.25%.

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.