Nortech Systems (NASDAQ:NSYS) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Nortech Systems (NASDAQ:NSYSGet Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Performance

NASDAQ:NSYS opened at $12.46 on Friday. The company’s 50-day moving average price is $12.14 and its 200-day moving average price is $13.35. The company has a current ratio of 2.54, a quick ratio of 1.56 and a debt-to-equity ratio of 0.24. The company has a market cap of $34.39 million, a P/E ratio of 5.56 and a beta of 0.52. Nortech Systems has a twelve month low of $7.45 and a twelve month high of $19.15.

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

Institutional Investors Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYSFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 quarter. Hedge funds and other institutional investors own 3.05% of the company’s stock.

About Nortech Systems

(Get Free Report)

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.

Further Reading

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