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

StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research report report published on Saturday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Nortech Systems Trading Down 1.9 %

NSYS stock opened at $10.18 on Friday. Nortech Systems has a 52 week low of $9.53 and a 52 week high of $19.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. The company’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $11.68. The company has a market capitalization of $28.10 million, a PE ratio of 6.57 and a beta of 0.47.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP bought a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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 SEC filing. 3.05% of the stock is currently owned by hedge funds and other 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.