Nortech Systems (NASDAQ:NSYS) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report issued on Friday. The firm issued a hold rating on the electronics maker’s stock.

Nortech Systems Price Performance

Shares of NASDAQ:NSYS opened at $10.32 on Friday. The company has a market cap of $28.48 million, a PE ratio of 6.66 and a beta of 0.47. The company’s 50 day moving average is $10.70 and its 200 day moving average is $11.79. Nortech Systems has a twelve month low of $9.50 and a twelve 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.

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

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its stake in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the quarter. 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 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.