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

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

Nortech Systems Trading Down 1.9 %

Shares of Nortech Systems stock opened at $10.18 on Friday. The company has a market capitalization of $28.10 million, a P/E ratio of 6.57 and a beta of 0.47. Nortech Systems has a fifty-two week low of $9.53 and a fifty-two week high of $19.15. The company has a fifty day moving average of $10.69 and a 200 day moving average of $11.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Thursday, November 7th. The electronics maker reported ($0.27) EPS for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%. The company had revenue of $31.41 million for the quarter.

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC grew its position in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the period. Renaissance Technologies LLC owned approximately 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.