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

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

Nortech Systems Price Performance

NASDAQ NSYS opened at $10.32 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a market cap of $28.45 million, a PE ratio of 6.66 and a beta of 0.47. Nortech Systems has a 52 week low of $9.50 and a 52 week high of $19.15. The firm’s 50-day simple moving average is $10.70 and its two-hundred day simple moving average is $11.80.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.27) EPS for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%. The business had revenue of $31.41 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned approximately 0.39% of Nortech Systems at the end of the most recent quarter. 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.