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

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

Nortech Systems Price Performance

NASDAQ:NSYS opened at $11.40 on Monday. The stock’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $13.10. Nortech Systems has a 52-week low of $7.45 and a 52-week high of $19.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.56 and a current ratio of 2.54. The company has a market cap of $31.43 million, a P/E ratio of 4.73 and a beta of 0.52.

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

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC increased its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,799 shares of the electronics maker’s stock after acquiring 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 filing with the SEC. Hedge funds and other 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.