Nortech Systems (NASDAQ:NSYS) Coverage Initiated at StockNews.com

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

Nortech Systems Price Performance

Shares of NSYS stock opened at $10.20 on Thursday. The stock’s 50-day moving average is $10.67 and its 200 day moving average is $11.95. Nortech Systems has a 1-year low of $9.13 and a 1-year high of $19.15. 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 company has a market cap of $28.12 million, a P/E ratio of 6.58 and a beta of 0.47.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its position in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,799 shares of the electronics maker’s stock after acquiring an additional 3,540 shares during the period. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 as of its most recent filing with the Securities & Exchange Commission. 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.