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

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

Nortech Systems Price Performance

Shares of NSYS opened at $12.28 on Friday. 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 firm has a market cap of $33.86 million, a PE ratio of 5.10 and a beta of 0.52. The firm’s 50 day moving average price is $12.03 and its 200 day moving average price is $13.31. Nortech Systems has a twelve month low of $7.45 and a twelve month high of $19.15.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP bought a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems as of its most recent SEC filing. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.