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

by · The Markets Daily

StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS – Free Report) in a research report sent to investors on Monday morning. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Up 3.9 %

Shares of NASDAQ:NSYS opened at $11.25 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. Nortech Systems has a 52-week low of $9.13 and a 52-week high of $19.15. The company has a market capitalization of $31.02 million, a PE ratio of 7.26 and a beta of 0.46. The company has a fifty day moving average of $11.16 and a 200-day moving average of $12.18.

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC lifted its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS – Free Report) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the period. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.05% of the company’s stock.

Nortech Systems Company Profile

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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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