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

Investment analysts at StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Nortech Systems Stock Down 4.9 %

NSYS stock opened at $10.19 on Wednesday. The firm has a market cap of $28.09 million, a PE ratio of 6.57 and a beta of 0.47. Nortech Systems has a one year low of $9.13 and a one year high of $19.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. The firm’s 50 day moving average price is $10.79 and its 200-day moving average price is $12.06.

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC boosted its stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. 3.05% of the stock is currently owned by hedge funds and other 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.