Nortech Systems (NASDAQ:NSYS) Coverage Initiated at StockNews.com

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

Nortech Systems Price Performance

Shares of NASDAQ NSYS opened at $12.10 on Monday. The firm has a market capitalization of $33.36 million, a P/E ratio of 5.02 and a beta of 0.52. The company has a quick ratio of 1.56, a current ratio of 2.54 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $12.11 and its two-hundred day simple moving average is $13.15. Nortech Systems has a twelve month low of $7.45 and a twelve month high of $19.15.

Nortech Systems (NASDAQ:NSYS) last announced its 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 return on equity of 18.90% and a net margin of 4.71%.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned about 0.39% of Nortech Systems at the end of the most recent quarter. 3.05% of the stock is owned by institutional investors.

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.