Nortech Systems (NASDAQ:NSYS) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Nortech Systems Incorporated (NASDAQ:NSYS) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.85 and traded as high as $11.77. Nortech Systems shares last traded at $10.72, with a volume of 13,410 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Nortech Systems in a report on Wednesday. They set a “hold” rating for the company.

Nortech Systems Price Performance

The business’s fifty day moving average price is $10.79 and its 200 day moving average price is $12.06. 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 stock has a market cap of $28.09 million, a P/E ratio of 6.57 and a beta of 0.47.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems at the end of the most recent reporting period. 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.