National Technical Systems Stock Rating Lowered by TheStreet (NTSC)
National Technical Systems (NASDAQ:NTSC) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Tuesday, AnalystRatingsNetwork.com reports.
The analysts wrote, “National Technical Systems (NTSC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company’s net income has been quite unimpressive.”
Shares of National Technical Systems (NASDAQ:NTSC) traded down 0.09% on Tuesday, hitting $22.74. 11,673 shares of the company’s stock traded hands. National Technical Systems has a 52 week low of $6.96 and a 52 week high of $23.13. The stock has a 50-day moving average of $22.84 and a 200-day moving average of $15.. The company has a market cap of $266.4 million and a price-to-earnings ratio of 87.54.
National Technical Systems (NASDAQ:NTSC) last announced its earnings results on Thursday, September 12th. The company reported ($0.01) EPS for the quarter. The company had revenue of $46.20 million for the quarter, compared to the consensus estimate of $47.30 million.
National Technical Systems, Inc (NASDAQ:NTSC) is a provider of engineering and compliance testing services to the defense, aerospace, telecommunications, automotive, energy and technology markets.
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