Nortech Systems (NASDAQ:NSYS) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Down 5.2 %

Shares of Nortech Systems stock opened at $11.34 on Tuesday. The firm has a market cap of $31.30 million, a price-to-earnings ratio of 5.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.54 and a quick ratio of 1.56. Nortech Systems has a 52-week low of $7.98 and a 52-week high of $19.15. The stock has a 50-day simple moving average of $12.07 and a 200-day simple moving average of $13.02.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings results on Thursday, August 8th. The electronics maker reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $33.89 million during the quarter. Nortech Systems had a return on equity of 18.90% and a net margin of 4.71%.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP bought a new position in Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned about 0.39% of Nortech Systems as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.05% of the company’s stock.

About Nortech Systems

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.