Nortech Systems (NASDAQ:NSYS) Stock Crosses Below 200-Day Moving Average of $13.29

Nortech Systems Incorporated (NASDAQ:NSYS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.29 and traded as low as $11.55. Nortech Systems shares last traded at $11.99, with a volume of 4,404 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Nortech Systems from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Nortech Systems Stock Performance

The stock has a market cap of $33.06 million, a PE ratio of 4.98 and a beta of 0.53. The company has a fifty day moving average price of $12.90 and a 200 day moving average price of $13.29. The company has a quick ratio of 1.56, a current ratio of 2.54 and a debt-to-equity ratio of 0.24.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings data on Thursday, August 8th. The electronics maker reported $0.05 EPS for the quarter. Nortech Systems had a return on equity of 18.90% and a net margin of 4.71%. The firm had revenue of $33.89 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems at the end of the most recent reporting period. 3.05% of the stock is owned by institutional investors and hedge funds.

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.