Nortech Systems (NASDAQ:NSYS) Share Price Passes Below 200 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 $8.89 and traded as low as $6.81. Nortech Systems shares last traded at $6.81, with a volume of 4,101 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nortech Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Nortech Systems Price Performance

The company has a current ratio of 2.70, a quick ratio of 1.84 and a debt-to-equity ratio of 0.37. The company has a market cap of $18.97 million, a PE ratio of -5.82 and a beta of 0.06. The firm has a 50 day moving average of $8.93 and a two-hundred day moving average of $8.89.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data 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 2.74% and a negative return on equity of 9.55%. The company had revenue of $30.48 million for the quarter.

About Nortech Systems

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.