Revenue Update on Nortech Systems Incorporated(NASDAQ:NSYS)

Nortech Systems Incorporated(NASDAQ:NSYS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $-0.07.

Nortech Systems Incorporated (NSYS) made into the market gainers list on Fridays trading session with the shares advancing 2.84% or 0.11 points. Due to strong positive momentum, the stock ended at $3.99, which is also near the day’s high of $4.03. The stock began the session at $3.86 and the volume stood at 12,670 shares. The 52-week high of the shares is $5.52 and the 52 week low is $1.69. The company has a current market capitalization of $11 M and it has 27,47,831 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, David B Kunin (director) purchased 12,400 shares at $3.77 per share price.Also, On May 24, 2016, Richard G Wasielewski (CEO) purchased 2,975 shares at $3.72 per share price.On Sep 17, 2015, Kenneth D Larson (director) purchased 500 shares at $4.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Nortech Systems Incorporated is an electronic manufacturing services (EMS) company. The Company offers technical and manufacturing services and support including project management design testing prototyping manufacturing and supply chain management. The Company’s manufacturing and engineering services include medical devices printed circuit board assemblies wire and cable assemblies and electromechanical assemblies. The Company also provides engineering services and repair services. The Company maintains facilities in Minnesota including Bemidji Blue Earth Milaca Mankato Baxter and Merrifield as well as Augusta Wisconsin and Monterrey Mexico. The Company operates through the contract manufacturing segment within the EMS industry.

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