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

StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report released on Tuesday. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Up 0.3 %

NSYS stock opened at $10.32 on Tuesday. Nortech Systems has a 12 month low of $9.13 and a 12 month high of $19.15. The company has a market cap of $28.45 million, a price-to-earnings ratio of 6.66 and a beta of 0.46. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of $10.93 and a two-hundred day moving average of $12.15.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC grew its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,799 shares of the electronics maker’s stock after buying 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 Securities and Exchange Commission (SEC). 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.