Nortech Systems (NASDAQ:NSYS) Earns Hold Rating from Analysts at StockNews.com

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

Nortech Systems Stock Performance

NASDAQ:NSYS opened at $11.60 on Friday. The company has a market capitalization of $32.02 million, a price-to-earnings ratio of 7.48 and a beta of 0.53. The business has a 50 day moving average of $11.46 and a 200 day moving average of $12.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. Nortech Systems has a 1-year low of $8.60 and a 1-year high of $19.15.

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC raised its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in 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 period. Renaissance Technologies LLC owned about 1.95% of Nortech Systems worth $734,000 at the end of the most recent reporting period. 3.05% of the stock is currently 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.