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

StockNews.com started coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research note published on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Performance

Nortech Systems stock opened at $12.49 on Friday. Nortech Systems has a 12-month low of $7.45 and a 12-month high of $19.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.54 and a quick ratio of 1.56. The company has a market capitalization of $34.43 million, a price-to-earnings ratio of 5.18 and a beta of 0.52. The firm’s fifty day moving average price is $12.11 and its 200 day moving average price is $13.34.

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

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC boosted its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,799 shares of the electronics maker’s stock after acquiring 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 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.