StockNews.com Begins Coverage on Nortech Systems (NASDAQ:NSYS)

StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Performance

Shares of Nortech Systems stock opened at $9.75 on Wednesday. The business’s fifty day simple moving average is $11.72 and its 200 day simple moving average is $12.62. The company has a current ratio of 2.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28. Nortech Systems has a 12 month low of $8.25 and a 12 month high of $19.15. The firm has a market capitalization of $26.91 million, a P/E ratio of 6.29 and a beta of 0.53.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC boosted its stake in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 1.95% of Nortech Systems worth $734,000 as of its most recent filing with the SEC. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.