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

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

Nortech Systems Trading Down 1.1 %

Shares of NSYS stock opened at $12.30 on Friday. The business’s fifty day moving average price is $12.37 and its 200 day moving average price is $13.38. The firm has a market capitalization of $33.91 million, a PE ratio of 5.10 and a beta of 0.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.54 and a quick ratio of 1.56. Nortech Systems has a 1-year low of $7.45 and a 1-year high of $19.15.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings results on Thursday, August 8th. The electronics maker reported $0.05 EPS for the quarter. Nortech Systems had a return on equity of 18.90% and a net margin of 4.71%. The business had revenue of $33.89 million for the quarter.

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC grew its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after purchasing 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. 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.