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

StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note published on Wednesday. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Performance

NASDAQ NSYS opened at $9.75 on Wednesday. The firm has a market cap of $26.91 million, a P/E ratio of 6.29 and a beta of 0.53. Nortech Systems has a 52-week low of $8.25 and a 52-week high of $19.15. The business’s 50-day moving average price is $11.72 and its 200 day moving average price is $12.59. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC grew its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to its most recent Form 13F 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 quarter. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 at the end of the most recent quarter. 3.05% of the stock is currently owned by institutional investors.

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.