Nortech Systems (NASDAQ:NSYS) Now Covered by StockNews.com

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

Nortech Systems Trading Up 0.2 %

NSYS stock opened at $9.75 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a market cap of $26.91 million, a price-to-earnings ratio of 6.29 and a beta of 0.53. The business has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $12.59. Nortech Systems has a 52 week low of $8.25 and a 52 week high of $19.15.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC boosted its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the period. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 at the end of the most recent reporting period. 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.