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

StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Trading Down 4.9 %

NSYS opened at $10.19 on Wednesday. The business’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $12.07. 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 has a market cap of $28.09 million, a P/E ratio of 6.57 and a beta of 0.47. Nortech Systems has a one year low of $9.13 and a one year high of $19.15.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC grew its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after purchasing 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.