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

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

Nortech Systems Price Performance

Shares of NASDAQ:NSYS opened at $10.39 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market capitalization of $28.65 million, a P/E ratio of 6.70 and a beta of 0.53. The business has a 50-day moving average of $11.49 and a two-hundred day moving average of $12.28. Nortech Systems has a fifty-two week low of $8.60 and a fifty-two week high of $19.15.

Institutional Trading of Nortech Systems

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

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.