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

Equities research analysts at StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Performance

Shares of NSYS stock opened at $12.44 on Friday. The business’s 50-day moving average price is $12.47 and its 200-day moving average price is $13.36. Nortech Systems has a 12 month low of $7.45 and a 12 month high of $19.15. The company has a current ratio of 2.54, a quick ratio of 1.56 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $34.30 million, a price-to-earnings ratio of 5.16 and a beta of 0.53.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned about 0.39% of Nortech Systems at the end of the most recent reporting period. Institutional investors and hedge funds own 3.05% of the company’s stock.

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.