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

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

Nortech Systems Stock Performance

Nortech Systems stock opened at $10.42 on Thursday. The company has a market cap of $28.76 million, a PE ratio of 6.72 and a beta of 0.53. Nortech Systems has a 12 month low of $8.60 and a 12 month high of $19.15. The company has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $12.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC raised its stake in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after acquiring an additional 3,540 shares during the period. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. 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.