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

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

Nortech Systems Stock Down 1.6 %

NASDAQ NSYS opened at $10.72 on Wednesday. Nortech Systems has a one year low of $9.13 and a one year 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. The business has a fifty day moving average price of $10.85 and a 200 day moving average price of $12.08. The company has a market cap of $29.56 million, a P/E ratio of 6.92 and a beta of 0.47.

Institutional Trading of Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC lifted its stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. 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.