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

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

Nortech Systems Trading Up 1.4 %

Shares of Nortech Systems stock opened at $10.29 on Thursday. Nortech Systems has a 1-year low of $9.13 and a 1-year high of $19.15. The company’s fifty day simple moving average is $10.70 and its 200-day simple moving average is $11.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market capitalization of $28.37 million, a PE ratio of 6.64 and a beta of 0.47.

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC lifted its stake in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned about 1.95% of Nortech Systems worth $734,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.