Nortech Systems (NASDAQ:NSYS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.83 and traded as low as $9.90. Nortech Systems shares last traded at $10.03, with a volume of 3,164 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Nortech Systems in a research report on Friday. They issued a “hold” rating for the company.

Nortech Systems Price Performance

The firm has a market capitalization of $27.68 million, a PE ratio of 6.47 and a beta of 0.47. The stock’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $11.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.27) earnings per share for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%. The company had revenue of $31.41 million for the quarter.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned about 0.39% of Nortech Systems at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.05% of the company’s stock.

About Nortech Systems

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.