Nortech Systems (NASDAQ:NSYS) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Down 1.9 %

NSYS opened at $10.18 on Friday. Nortech Systems has a twelve month low of $9.53 and a twelve month high of $19.15. The company has a market cap of $28.10 million, a PE ratio of 6.57 and a beta of 0.47. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $10.69 and a 200 day moving average price of $11.70.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.27) earnings per share for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%. The firm had revenue of $31.41 million for the quarter.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP bought a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned approximately 0.39% of Nortech Systems as of its most recent filing with the SEC. Institutional investors 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.