Nortech Systems (NASDAQ:NSYS) Releases Quarterly Earnings Results

Nortech Systems (NASDAQ:NSYS) posted its earnings results on Thursday. The electronics maker reported $0.21 earnings per share for the quarter, FiscalAI reports. The company had revenue of $33.05 million for the quarter. Nortech Systems had a return on equity of 3.01% and a net margin of 0.83%.

Nortech Systems Price Performance

Nortech Systems stock traded up $0.27 on Thursday, reaching $10.98. The company’s stock had a trading volume of 14,839 shares, compared to its average volume of 16,906. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.78. The company has a market cap of $31.29 million, a price-to-earnings ratio of 30.50 and a beta of -0.05. Nortech Systems has a twelve month low of $6.50 and a twelve month high of $18.01. The business’s fifty day moving average price is $11.03 and its 200 day moving average price is $12.33.

Wall Street Analyst Weigh In

NSYS has been the topic of several analyst reports. Weiss Ratings upgraded Nortech Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Wall Street Zen cut Nortech Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Nortech Systems currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. BlackRock Inc. acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,456 shares of the electronics maker’s stock, valued at approximately $70,000. BlackRock Inc. owned about 0.16% of Nortech Systems at the end of the most recent quarter. 3.05% of the stock is currently owned by hedge funds and other institutional investors.

About Nortech Systems

Nortech Systems Incorporated is an electronics manufacturing services and engineering company headquartered in Maple Plain, Minnesota. The company helps customers design, develop, manufacture, and support complex electromechanical products and systems. Its capabilities include printed circuit board assembly, cable and wire harness assembly, electromechanical assembly, box-build manufacturing, system integration, prototyping, testing, and related engineering and supply-chain services. Nortech works with customers from product development through production and ongoing support.