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

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

Nortech Systems Stock Up 1.5 %

Shares of Nortech Systems stock opened at $10.29 on Tuesday. Nortech Systems has a one year low of $9.13 and a one year high of $19.15. The company has a market cap of $28.37 million, a P/E ratio of 6.64 and a beta of 0.46. 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 firm has a fifty day moving average of $11.05 and a two-hundred day moving average of $12.18.

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP bought a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter. 3.05% of the stock is 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.