Nortech Systems (NASDAQ:NSYS) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note issued to investors on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Up 6.7 %

NSYS stock opened at $12.99 on Friday. Nortech Systems has a 1-year low of $7.45 and a 1-year high of $19.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.54 and a quick ratio of 1.56. The firm has a market cap of $35.81 million, a price-to-earnings ratio of 5.39 and a beta of 0.52. The firm has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $13.35.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Thursday, August 8th. The electronics maker reported $0.05 earnings per share (EPS) for the quarter. The business 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%.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC raised its stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the period. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. 3.05% of the stock is currently owned by institutional investors.

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.