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

Equities researchers at StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note issued on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Up 11.6 %

NASDAQ:NSYS opened at $11.60 on Friday. The company has a market cap of $31.98 million, a price-to-earnings ratio of 7.48 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. The stock’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $12.24. Nortech Systems has a 52-week low of $8.60 and a 52-week high of $19.15.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC raised its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,799 shares of the electronics maker’s stock after acquiring 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. 3.05% of the stock is currently owned by institutional investors.

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.