Renaissance Technologies LLC Boosts Position in Nortech Systems Incorporated (NASDAQ:NSYS)

Renaissance Technologies LLC lifted its position in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 at the end of the most recent quarter.

Separately, Dimensional Fund Advisors LP purchased a new position in Nortech Systems during the second quarter valued at approximately $148,000. 3.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Nortech Systems in a research note on Friday, October 4th. They issued a “hold” rating on the stock.

Nortech Systems Trading Up 0.7 %

Shares of NSYS stock opened at $12.13 on Wednesday. The company has a market capitalization of $33.44 million, a PE ratio of 5.03 and a beta of 0.52. Nortech Systems Incorporated has a 52-week low of $7.45 and a 52-week high of $19.15. The business’s fifty day moving average is $12.26 and its 200 day moving average is $13.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.56 and a current ratio of 2.54.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings results on Thursday, August 8th. The electronics maker reported $0.05 earnings per share for the quarter. The firm had revenue of $33.89 million for the quarter. Nortech Systems had a return on equity of 18.90% and a net margin of 4.71%.

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.