Initiates Coverage on Nortech Systems (NASDAQ:NSYS) began coverage on shares of Nortech Systems (NASDAQ:NSYSGet Free Report) in a research note issued to investors on Tuesday. The firm set a “strong-buy” rating on the electronics maker’s stock.

Nortech Systems Price Performance

Shares of NASDAQ NSYS opened at $11.77 on Tuesday. Nortech Systems has a 52 week low of $7.45 and a 52 week high of $19.15. The stock has a market capitalization of $32.49 million, a price-to-earnings ratio of 4.88 and a beta of 0.63. The firm has a 50-day simple moving average of $14.64 and a 200-day simple moving average of $11.67. The company has a quick ratio of 1.41, a current ratio of 2.30 and a debt-to-equity ratio of 0.18.

Nortech Systems (NASDAQ:NSYSGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The electronics maker reported $0.26 earnings per share (EPS) for the quarter. Nortech Systems had a net margin of 5.02% and a return on equity of 21.32%. The firm had revenue of $34.22 million during the quarter.

About Nortech Systems

(Get Free Report)

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.

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