Nortech Systems (NASDAQ:NSYS) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Nortech Systems Incorporated (NASDAQ:NSYS) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.87 and traded as low as $13.56. Nortech Systems shares last traded at $13.56, with a volume of 8,364 shares traded.

Analyst Ratings Changes

Several brokerages have commented on NSYS. Wall Street Zen upgraded shares of Nortech Systems to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings upgraded shares of Nortech Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nortech Systems Price Performance

The company’s 50-day moving average price is $14.87 and its two-hundred day moving average price is $11.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.84 and a quick ratio of 1.12. The company has a market capitalization of $37.83 million and a P/E ratio of 36.65.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%. The business had revenue of $30.32 million during the quarter.

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.