StockNews.com Begins Coverage on Nortech Systems (NASDAQ:NSYS)

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

Nortech Systems Stock Performance

Shares of Nortech Systems stock opened at $11.25 on Friday. The stock has a market capitalization of $31.02 million, a price-to-earnings ratio of 7.26 and a beta of 0.46. The firm’s fifty day simple moving average is $11.40 and its 200-day simple moving average is $12.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. Nortech Systems has a 12 month low of $8.60 and a 12 month high of $19.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems as of its most recent filing with the Securities and Exchange Commission. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.