Extremely significant negative changes in Nortech Systems Inc (NASDAQ: NSYS) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Nortech Systems Inc (NASDAQ: NSYS) has recently experienced marginal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nortech Systems has a good Appreciation Score of 80 and a very high Power Rating of 88, leading to the Highest Value Trend Rating.
Recent Price Action
Nortech Systems Inc (NASDAQ: NSYS) stock closed at $11.03 on 6/4/24 after a decline of -3.2%. However, this decline was accompanied by unusually low trading volume at 50% of normal. The stock has declined -10.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
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