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

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

Nortech Systems Stock Down 1.6 %

NASDAQ:NSYS opened at $9.73 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.56 and a current ratio of 2.59. The firm has a market cap of $26.83 million, a P/E ratio of 6.28 and a beta of 0.53. Nortech Systems has a fifty-two week low of $8.25 and a fifty-two week high of $19.15. The firm has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $12.67.

Institutional Trading of Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to its most recent disclosure 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 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.