StockNews.com Initiates Coverage on Nortech Systems (NASDAQ:NSYS)

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

Nortech Systems Price Performance

Nortech Systems stock opened at $10.55 on Friday. Nortech Systems has a 12-month low of $9.53 and a 12-month high of $19.15. 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 firm has a 50-day moving average price of $10.64 and a 200-day moving average price of $11.48. The firm has a market capitalization of $29.08 million, a PE ratio of 6.81 and a beta of 0.46.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems as of its most recent filing with the Securities and Exchange Commission. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.