Nortech Systems Incorporated (NASDAQ:NSYS – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 14,817 shares, an increase of 751.1% from the May 14th total of 1,741 shares. Based on an average daily trading volume, of 33,756 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are short sold.
Nortech Systems Stock Up 4.3%
Shares of Nortech Systems stock traded up $0.73 during midday trading on Wednesday, reaching $17.70. 4,376 shares of the company’s stock traded hands, compared to its average volume of 18,490. The company has a market cap of $49.38 million, a price-to-earnings ratio of 47.84 and a beta of 0.02. The company’s 50 day simple moving average is $13.94 and its 200 day simple moving average is $10.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.12 and a current ratio of 1.84. Nortech Systems has a 52 week low of $6.50 and a 52 week high of $18.01.
Nortech Systems (NASDAQ:NSYS – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share for the quarter. The business had revenue of $30.32 million for the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%.
Analyst Ratings Changes
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About Nortech Systems
Nortech Systems, Inc is a specialized engineering and manufacturing company that designs, develops and produces custom gas distribution and control solutions. Its core offerings include cryogenic valves and regulators, gas distribution panels and manifolds, and precision instrumentation for monitoring and controlling the delivery of industrial, specialty and medical gases. The company leverages in-house engineering, machining and assembly capabilities to tailor products to the exact specifications of its customers.
In addition to its mechanical product lines, Nortech Systems provides electronic monitoring and control systems.
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