Nortech Systems (NASDAQ:NSYS) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Nortech Systems Incorporated (NASDAQ:NSYS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.86 and traded as low as $9.73. Nortech Systems shares last traded at $9.85, with a volume of 2,419 shares trading hands.

Wall Street Analyst Weigh In

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

Nortech Systems Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. The business has a 50 day moving average of $10.11 and a two-hundred day moving average of $10.86. The firm has a market capitalization of $27.16 million, a price-to-earnings ratio of 6.35 and a beta of 0.38.

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.