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

Stock analysts at StockNews.com assumed coverage on shares of Nortech Systems (NASDAQ:NSYS) in a research report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Performance

NASDAQ NSYS opened at $7.95 on Tuesday. The business’s 50 day moving average price is $9.42 and its 200-day moving average price is $10.40. Nortech Systems has a fifty-two week low of $7.25 and a fifty-two week high of $19.15. The company has a market cap of $21.95 million, a P/E ratio of 5.13 and a beta of 0.30. 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 (NASDAQ:NSYS) last released its earnings results on Monday, March 31st. The electronics maker reported ($0.54) earnings per share (EPS) for the quarter. The firm had revenue of $28.62 million during the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%.

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.