Nortech Systems (NASDAQ:NSYS) Earns Hold Rating from Analysts at StockNews.com

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

Nortech Systems Stock Performance

NSYS stock opened at $11.07 on Monday. The firm has a market cap of $30.52 million, a PE ratio of 7.14 and a beta of 0.46. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $11.24 and its two-hundred day moving average price is $12.18. Nortech Systems has a 1-year low of $9.13 and a 1-year high of $19.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC lifted its position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the period. Renaissance Technologies LLC owned about 1.95% of Nortech Systems worth $734,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.