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 report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Performance

NSYS opened at $11.07 on Monday. The business’s 50-day simple moving average is $11.24 and its 200 day simple moving average is $12.18. Nortech Systems has a 52-week low of $9.13 and a 52-week 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. The firm has a market capitalization of $30.52 million, a PE ratio of 7.14 and a beta of 0.46.

Institutional Inflows and Outflows

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% during the second quarter, according to the company in its most recent filing with the 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 approximately 1.95% of Nortech Systems worth $734,000 as of its most recent filing with the SEC. Institutional investors own 3.05% of the company’s stock.

Nortech Systems Company Profile

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.