Nortech Systems (NASDAQ:NSYS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Nortech Systems Incorporated (NASDAQ:NSYS) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.46 and traded as low as $9.92. Nortech Systems shares last traded at $10.11, with a volume of 5,377 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Nortech Systems in a research report on Thursday. They issued a “hold” rating for the company.

Nortech Systems Trading Down 0.9 %

The company has a market capitalization of $27.90 million, a price-to-earnings ratio of 6.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The business’s 50-day moving average price is $11.62 and its two-hundred day moving average price is $12.46.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP bought a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned about 0.39% of Nortech Systems as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.05% of the company’s stock.

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.