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

Analysts at StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Performance

NSYS stock opened at $10.18 on Friday. 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 $28.07 million, a P/E ratio of 6.57 and a beta of 0.47. The firm has a 50 day simple moving average of $10.69 and a 200 day simple moving average of $11.66. Nortech Systems has a 52 week low of $9.53 and a 52 week high of $19.15.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.27) EPS for the quarter. The company had revenue of $31.41 million for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned approximately 0.39% of Nortech Systems as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.