Nortech Systems (NASDAQ:NSYS) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Price Performance

NSYS opened at $11.25 on Monday. The firm has a market capitalization of $31.02 million, a P/E ratio of 7.26 and a beta of 0.46. The stock has a fifty day moving average of $11.18 and a 200-day moving average of $12.18. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. Nortech Systems has a 12-month low of $9.13 and a 12-month high of $19.15.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities & Exchange Commission. 3.05% of the stock is currently owned by institutional investors and hedge funds.

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.