StockNews.com Begins Coverage on Nortech Systems (NASDAQ:NSYS)

StockNews.com began coverage on shares of Nortech Systems (NASDAQ:NSYS) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Up 0.3 %

Shares of NASDAQ:NSYS opened at $10.42 on Thursday. The stock has a 50-day simple moving average of $11.58 and a 200-day simple moving average of $12.42. The stock has a market capitalization of $28.72 million, a P/E ratio of 6.72 and a beta of 0.53. Nortech Systems has a 1 year low of $8.60 and a 1 year high of $19.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59.

Institutional Investors Weigh In On Nortech Systems

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