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

Equities research analysts at StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Up 1.5 %

NSYS opened at $10.29 on Tuesday. The stock has a market capitalization of $28.37 million, a price-to-earnings ratio of 6.64 and a beta of 0.46. Nortech Systems has a 12 month low of $9.13 and a 12 month high of $19.15. 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 business has a 50-day moving average of $10.96 and a two-hundred day moving average of $12.16.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC grew its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after acquiring an additional 3,540 shares during the period. Renaissance Technologies LLC owned about 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. 3.05% of the stock is owned by hedge funds and other 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.