Nortech Systems (NASDAQ:NSYS) Stock Crosses Above 50-Day Moving Average of $3.30

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Shares of Nortech Systems Incorporated (NASDAQ:NSYS) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.30 and traded as high as $3.09. Nortech Systems shares last traded at $3.09, with a volume of 0 shares trading hands.

Separately, ValuEngine downgraded shares of Nortech Systems from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st.

The company’s 50-day moving average is $3.27 and its 200 day moving average is $3.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.23 and a current ratio of 1.88.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.58) EPS for the quarter. The firm had revenue of $27.29 million for the quarter. Nortech Systems had a negative net margin of 1.54% and a negative return on equity of 8.57%.

About Nortech Systems (NASDAQ:NSYS)

Nortech Systems Incorporated operates as an electronic manufacturing services company in the United States, Mexico, and China. The company provides value-added engineering, technical and manufacturing, and support services, including project management, designing, testing, prototyping, supply chain management, and post-market services.

Further Reading: How accurate is the Rule of 72?

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