National Technical Systems Stock Rating Lowered by TheStreet (NTSC)
National Technical Systems (NASDAQ:NTSC) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Wednesday, Stock Ratings News 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 up 0.04% on Wednesday, hitting $22.90. The stock had a trading volume of 43,844 shares. National Technical Systems has a 1-year low of $6.96 and a 1-year high of $23.13. The stock’s 50-day moving average is $22. and its 200-day moving average is $16.10. The company has a market cap of $268.3 million and a price-to-earnings ratio of 88.04.
National Technical Systems (NASDAQ:NTSC) last issued its quarterly earnings data 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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