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

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

Nortech Systems Price Performance

NSYS opened at $11.60 on Friday. 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 stock has a market capitalization of $32.02 million, a PE ratio of 7.48 and a beta of 0.53. The stock’s 50 day moving average price is $11.46 and its 200-day moving average price is $12.22. Nortech Systems has a 52-week low of $8.60 and a 52-week high of $19.15.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period. 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.