Nortech Systems (NASDAQ:NSYS) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Nortech Systems Incorporated (NASDAQ:NSYS) shares 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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Nortech Systems in a research report on Wednesday. They issued a “hold” rating on the stock.

Nortech Systems Stock Down 1.6 %

The business’s 50 day simple moving average is $10.85 and its 200 day simple moving average is $12.08. The company has a market capitalization of $29.56 million, a PE ratio of 6.92 and a beta of 0.47. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC increased its stake in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.