Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 10,887 shares, a growth of 428.8% from the March 15th total of 2,059 shares. Based on an average trading volume of 20,673 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nortech Systems in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Nortech Systems Stock Performance

NASDAQ:NSYS opened at $13.78 on Monday. The firm has a market capitalization of $38.45 million, a PE ratio of -137.80 and a beta of -0.10. The business’s fifty day moving average price is $10.17 and its 200 day moving average price is $8.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.88 and a quick ratio of 1.19. Nortech Systems has a 12 month low of $6.50 and a 12 month high of $14.32.

Nortech Systems (NASDAQ:NSYS) last posted its earnings results on Thursday, March 26th. The electronics maker reported $0.32 EPS for the quarter. Nortech Systems had a negative return on equity of 0.76% and a negative net margin of 0.21%.The business had revenue of $30.31 million for the quarter.

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.