Nortech Systems (NASDAQ:NSYS) Shares Cross Above 50-Day Moving Average – Should You Sell?

Nortech Systems Incorporated (NASDAQ:NSYS)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.43 and traded as high as $8.73. Nortech Systems shares last traded at $8.50, with a volume of 3,330 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nortech Systems in a research note on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Nortech Systems Stock Down 3.0%

The firm’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $8.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.76. The stock has a market capitalization of $23.72 million and a P/E ratio of -8.95.

Nortech Systems (NASDAQ:NSYS) last released its earnings results on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter. Nortech Systems had a negative net margin of 2.25% and a negative return on equity of 7.93%. The company had revenue of $30.48 million during the quarter.

About Nortech Systems

Nortech Systems, Inc is a specialized engineering and manufacturing company that designs, develops and produces custom gas distribution and control solutions. Its core offerings include cryogenic valves and regulators, gas distribution panels and manifolds, and precision instrumentation for monitoring and controlling the delivery of industrial, specialty and medical gases. The company leverages in-house engineering, machining and assembly capabilities to tailor products to the exact specifications of its customers.

In addition to its mechanical product lines, Nortech Systems provides electronic monitoring and control systems.