Nortech Systems (NASDAQ:NSYS) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Nortech Systems (NASDAQ:NSYS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings upgraded shares of Nortech Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Nortech Systems Trading Down 5.0%

Shares of NSYS opened at $12.11 on Friday. The stock has a market capitalization of $33.79 million, a PE ratio of 33.64 and a beta of -0.03. The company’s fifty day moving average is $15.02 and its 200 day moving average is $12.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.78. Nortech Systems has a fifty-two week low of $6.50 and a fifty-two week high of $18.01.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings data on Wednesday, August 12th. The electronics maker reported $0.11 EPS for the quarter. Nortech Systems had a net margin of 0.83% and a return on equity of 3.01%. The business had revenue of $33.54 million during the quarter.

Institutional Trading of Nortech Systems

A hedge fund recently bought a new position in Nortech Systems stock. BlackRock Inc. acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned 0.16% of Nortech Systems as of its most recent SEC filing. Institutional investors and hedge funds own 3.05% of the company’s stock.

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.