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

StockNews.com began coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Sunday morning. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Trading Down 1.0 %

Shares of NSYS stock opened at $10.35 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The company has a market cap of $28.57 million, a price-to-earnings ratio of 6.68 and a beta of 0.46. Nortech Systems has a 1 year low of $9.53 and a 1 year high of $19.15. The firm has a fifty day moving average price of $10.62 and a 200-day moving average price of $11.45.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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. Institutional investors and hedge funds own 3.05% of the company’s stock.

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.