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

Research analysts at StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Trading Up 0.5 %

NASDAQ NSYS opened at $11.50 on Friday. Nortech Systems has a 12 month low of $8.92 and a 12 month high of $19.15. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $31.74 million, a PE ratio of 7.42 and a beta of 0.46. The business’s 50-day moving average price is $11.35 and its two-hundred day moving average price is $12.19.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC increased its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the period. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. Hedge funds and other 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.