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

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

Nortech Systems Trading Up 2.8 %

NASDAQ NSYS opened at $10.39 on Thursday. The firm has a 50 day simple moving average of $11.60 and a 200-day simple moving average of $12.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. Nortech Systems has a one year low of $8.60 and a one year high of $19.15. The firm has a market cap of $28.68 million, a price-to-earnings ratio of 6.70 and a beta of 0.53.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. 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.