Nortech Systems (NASDAQ:NSYS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report released on Monday. The brokerage issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Down 2.2 %

Shares of NASDAQ NSYS opened at $10.83 on Monday. 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 has a 1 year low of $9.13 and a 1 year high of $19.15. The stock’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $12.19. The firm has a market cap of $29.86 million, a price-to-earnings ratio of 6.99 and a beta of 0.46.

Institutional Trading of Nortech Systems

An institutional investor recently bought a new position 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 the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 SEC filing. 3.05% of the stock is currently owned by institutional investors.

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.