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

Nortech Systems Incorporated (NASDAQ:NSYS) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.05 and traded as low as $9.50. Nortech Systems shares last traded at $9.50, with a volume of 27,454 shares traded.

Analyst Ratings Changes

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

Nortech Systems Stock Performance

The stock has a market cap of $26.19 million, a PE ratio of 6.13 and a beta of 0.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The business has a 50 day moving average price of $10.23 and a two-hundred day moving average price of $11.05.

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.