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

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

Nortech Systems Stock Down 4.9 %

NSYS stock opened at $10.19 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The firm’s fifty day simple moving average is $10.82 and its 200-day simple moving average is $12.07. Nortech Systems has a 12 month low of $9.13 and a 12 month high of $19.15. The company has a market capitalization of $28.09 million, a P/E ratio of 6.57 and a beta of 0.47.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems as of its most recent filing with the SEC. Institutional investors own 3.05% of the company’s stock.

Nortech Systems Company Profile

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.