Nortech Systems (NASDAQ:NSYS) Earns Hold Rating from Analysts at StockNews.com

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

Nortech Systems Price Performance

NSYS stock opened at $9.98 on Wednesday. The company has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $12.06. Nortech Systems has a 52 week low of $9.13 and a 52 week high of $19.15. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $27.51 million, a P/E ratio of 6.44 and a beta of 0.47.

Institutional Trading of Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems at the end of the most recent quarter. Institutional investors and hedge funds 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.