Nortech Systems (NASDAQ:NSYS) Announces Quarterly Earnings Results

Nortech Systems (NASDAQ:NSYS) posted its quarterly earnings results on Thursday. The electronics maker reported $0.32 EPS for the quarter, FiscalAI reports. The firm had revenue of $30.31 million for the quarter. Nortech Systems had a negative net margin of 2.25% and a negative return on equity of 7.93%.

Nortech Systems Stock Performance

NSYS traded down $0.13 during mid-day trading on Thursday, reaching $9.87. 3,262 shares of the company traded hands, compared to its average volume of 4,913. The stock has a market capitalization of $27.54 million, a P/E ratio of -10.39 and a beta of -0.01. Nortech Systems has a 52-week low of $6.50 and a 52-week high of $12.40. The company has a quick ratio of 1.21, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $9.19 and its 200-day moving average price is $8.65.

Analysts Set New Price Targets

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

About Nortech Systems

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.