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

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

Nortech Systems Stock Up 11.6 %

Shares of NASDAQ NSYS opened at $11.60 on Friday. Nortech Systems has a 52-week low of $8.60 and a 52-week high of $19.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. The stock has a market cap of $31.98 million, a P/E ratio of 7.48 and a beta of 0.53. The firm has a 50 day moving average price of $11.46 and a 200 day moving average price of $12.24.

Institutional Trading of Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC grew its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,799 shares of the electronics maker’s stock after acquiring an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 at the end of the most recent reporting period. 3.05% of the stock is currently owned by hedge funds and other institutional investors.

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.