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

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

Nortech Systems Stock Down 0.7 %

Shares of NSYS stock opened at $12.41 on Friday. The stock has a 50 day moving average of $12.06 and a 200-day moving average of $13.27. The firm has a market cap of $34.21 million, a PE ratio of 5.15 and a beta of 0.52. The company has a quick ratio of 1.56, a current ratio of 2.54 and a debt-to-equity ratio of 0.24. Nortech Systems has a 12 month low of $7.45 and a 12 month high of $19.15.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd 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 about 0.39% of Nortech Systems at the end of the most recent reporting period. 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.