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 note issued on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Price Performance

Nortech Systems stock opened at $10.19 on Wednesday. The company’s 50 day moving average is $10.79 and its two-hundred day moving average is $12.06. The firm has a market cap of $28.09 million, a PE ratio of 6.57 and a beta of 0.47. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. Nortech Systems has a 52-week low of $9.13 and a 52-week high of $19.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 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 filing with the Securities and Exchange Commission. 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.