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

StockNews.com began coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note released on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Performance

NSYS opened at $11.65 on Friday. The business has a fifty day simple moving average of $11.39 and a 200-day simple moving average of $12.20. The firm has a market cap of $32.15 million, a PE ratio of 7.52 and a beta of 0.46. 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 fifty-two week low of $8.80 and a fifty-two week high of $19.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after purchasing an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.