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

Stock analysts at StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Trading Down 3.4 %

Nortech Systems stock opened at $10.14 on Tuesday. Nortech Systems has a 12 month low of $9.13 and a 12 month high of $19.15. 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 business’s fifty day simple moving average is $11.09 and its two-hundred day simple moving average is $12.18. The company has a market capitalization of $27.96 million, a price-to-earnings ratio of 6.54 and a beta of 0.46.

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 quarter. 3.05% of the stock is owned by institutional investors.

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.