Nortech Systems (NASDAQ:NSYS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Nortech Systems Incorporated (NASDAQ:NSYS) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.46 and traded as low as $9.92. Nortech Systems shares last traded at $10.11, with a volume of 5,377 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Nortech Systems in a report on Thursday. They issued a “hold” rating for the company.

Nortech Systems Price Performance

The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The firm has a market cap of $27.90 million, a P/E ratio of 6.52 and a beta of 0.53. The business has a fifty day moving average of $11.62 and a 200 day moving average of $12.46.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent SEC filing. 3.05% of the stock is owned by institutional investors and hedge funds.

Nortech Systems Company Profile

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.