Nortech Systems (NASDAQ:NSYS) Receives New Coverage from Analysts at StockNews.com

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

Nortech Systems Price Performance

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

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

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP bought 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 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.