Nortech Systems (NASDAQ:NSYS) Now Covered by Analysts at StockNews.com

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

Nortech Systems Stock Performance

Nortech Systems stock opened at $12.49 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.54 and a quick ratio of 1.56. Nortech Systems has a 12 month low of $7.45 and a 12 month high of $19.15. The company has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $13.34. The company has a market cap of $34.43 million, a PE ratio of 5.18 and a beta of 0.52.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Thursday, August 8th. The electronics maker reported $0.05 earnings per share for the quarter. The business had revenue of $33.89 million during the quarter. Nortech Systems had a net margin of 4.71% and a return on equity of 18.90%.

Institutional Inflows and Outflows

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

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.