Nortech Systems (NASDAQ:NSYS) Earns Hold Rating from Analysts at StockNews.com

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

Nortech Systems Price Performance

Nortech Systems stock opened at $10.32 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. Nortech Systems has a 12-month low of $9.50 and a 12-month high of $19.15. The firm has a market capitalization of $28.48 million, a PE ratio of 6.66 and a beta of 0.47. The firm has a 50-day moving average price of $10.70 and a 200-day moving average price of $11.79.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.27) EPS for the quarter. The company had revenue of $31.41 million during the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC raised its position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned about 1.95% of Nortech Systems worth $734,000 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.