StockNews.com lowered shares of Nortech Systems (NASDAQ:NSYS – Free Report) from a buy rating to a hold rating in a research report report published on Friday morning.
Nortech Systems Trading Down 5.2 %
NASDAQ:NSYS traded down $0.68 during mid-day trading on Friday, hitting $12.42. 20,940 shares of the stock traded hands, compared to its average volume of 9,097. The company has a quick ratio of 1.41, a current ratio of 2.30 and a debt-to-equity ratio of 0.18. Nortech Systems has a 52 week low of $7.45 and a 52 week high of $19.15. The stock has a market capitalization of $34.24 million, a price-to-earnings ratio of 5.15 and a beta of 0.57. The firm’s 50 day moving average is $13.25 and its two-hundred day moving average is $13.16.
Nortech Systems (NASDAQ:NSYS – Get Free Report) last released its earnings results on Thursday, August 8th. The electronics maker reported $0.05 EPS for the quarter. Nortech Systems had a return on equity of 21.32% and a net margin of 5.02%. The firm had revenue of $33.89 million for the quarter.
Institutional Investors Weigh In On Nortech Systems
Nortech Systems Company Profile
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.
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