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 report issued on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Trading Down 2.0 %

Shares of NASDAQ NSYS opened at $12.28 on Friday. The company has a market cap of $33.86 million, a price-to-earnings ratio of 5.10 and a beta of 0.52. The stock’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $13.31. The company has a current ratio of 2.54, a quick ratio of 1.56 and a debt-to-equity ratio of 0.24. Nortech Systems has a 12-month low of $7.45 and a 12-month high of $19.15.

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

Institutional Investors 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 shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.