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

Equities research analysts at StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report released on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Trading Down 0.8 %

NASDAQ:NSYS opened at $12.17 on Monday. Nortech Systems has a 52 week low of $7.45 and a 52 week high of $19.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.56 and a current ratio of 2.54. The firm’s fifty day moving average is $12.10 and its 200-day moving average is $13.18. The firm has a market cap of $33.55 million, a P/E ratio of 5.05 and a beta of 0.52.

Nortech Systems (NASDAQ:NSYS) last issued its quarterly earnings results on Thursday, August 8th. The electronics maker reported $0.05 EPS for the quarter. Nortech Systems had a net margin of 4.71% and a return on equity of 18.90%. The business had revenue of $33.89 million for the quarter.

Institutional Trading of Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems at the end of the most recent quarter. Institutional investors own 3.05% of the company’s stock.

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.