It is currently trading at $4.20 impressively higher than the 50 day moving average which is $3.66 and which is significantly higher than the 200 day moving average of $3.54. The 50 day moving average was up $0.54 or +14.75% and the 200 day average was up $0.66. 6,749 shares changed hands in the last trading session. Volume was down 83.42% under the stocks average daily volume.
Investors are a little more bearish on Nortech Systems Incorporated of late at least if you consider the change in short interest. The stock had a rise in short interest between September 29, 2017 and October 13, 2017 of 336.23%. Short shares grew 1,819 over that timeframe. Days to cover decreased from 0.0 to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
Here is a rundown on some insider market activity for Nortech Systems Incorporated (NASDAQ:NSYS). David B. Kunin, Director acquired $2,550 worth of shares at an average price of $3.40 on Mon the 21st. Kunin now owns $104,210 of stock as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (NSYS). Vanguard Group Inc augmented its position by buying 100 shares an increase of 0.5% from 12/31/2016 to 03/31/2017. Vanguard Group Inc currently owns 20,342 shares worth $74,000. The value of the position overall is down by 6.3%. Panagora Asset Management Inc grew its ownership by buying 1,131 shares an increase of 24.0% as of 06/30/2017. Panagora Asset Management Inc owns 5,841 shares with a value of $21,000. The total value of its holdings increased 23.5%.
Renaissance Technologies LLC added to its stake by buying 300 shares an increase of 1.4%. Renaissance Technologies LLC now holds 21,600 shares valued at $77,000. The value of the position overall is down by 1.3%. Acadian Asset Management LLC downsized its holdings by shedding 121 shares a decrease of 8.8% in the quarter. Acadian Asset Management LLC controls 1,259 shares with a value of $4,000. The total value of its holdings decreased 20.0%.
The company’s P/E ratio is 87.50 and the market cap of the company is 11.54M.
Nortech Systems Incorporated, launched on October 31, 1990, is an electronic manufacturing services (EMS) company. The Company offers a range of value-added engineering, technical and manufacturing services and support, including project management, design, testing, prototyping, manufacturing, supply chain management and post-market services. The Company operates in the Contract Manufacturing segment. The Business’s manufacturing and engineering services include medical devices, printed circuit board assemblies, wire and cable assemblies, and electromechanical assemblies..