Nortech Systems Inc (NASDAQ: NSYS) stock suffered a major decline of -21.5% on 5/15/24. The shares closed at $12.07. Moreover, exceptionally high trading volume at 883% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -20.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NSYS is expected to continue to be an important Value Builder.
Nortech Systems has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Nortech Systems has a slightly positive Appreciation Score of 66 and a very high Power Rating of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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