StockNews.com Initiates Coverage on Nortech Systems (NASDAQ:NSYS)

Equities researchers at StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note issued on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Down 0.9 %

Shares of Nortech Systems stock opened at $10.11 on Thursday. The company has a 50-day simple moving average of $11.62 and a two-hundred day simple moving average of $12.46. The stock has a market capitalization of $27.90 million, a PE ratio of 6.52 and a beta of 0.53. Nortech Systems has a 52-week low of $8.60 and a 52-week high of $19.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59.

Institutional Trading of Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC increased its stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the period. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.05% of the company’s stock.

Nortech Systems Company Profile

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.