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

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

Nortech Systems Stock Up 6.6 %

Shares of NASDAQ NSYS opened at $12.99 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.56 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $35.84 million, a PE ratio of 5.80 and a beta of 0.52. Nortech Systems has a 12-month low of $7.45 and a 12-month high of $19.15. The stock’s fifty day simple moving average is $12.14 and its two-hundred day simple moving average is $13.35.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Thursday, August 8th. The electronics maker reported $0.05 earnings per share for the quarter. The firm had revenue of $33.89 million during the quarter. Nortech Systems had a return on equity of 18.90% and a net margin of 4.71%.

Institutional Trading of Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC lifted its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the quarter. 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 currently owned by hedge funds and other institutional investors.

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.