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

Posted by Matthew Steigler on Oct 24th, 2024

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

Nortech Systems Trading Down 0.7 %

Shares of Nortech Systems stock opened at $12.41 on Friday. The business has a fifty day simple moving average of $12.06 and a 200-day simple moving average of $13.27. Nortech Systems has a fifty-two week low of $7.45 and a fifty-two week high of $19.15. The firm has a market cap of $34.21 million, a price-to-earnings ratio of 5.15 and a beta of 0.52. The company has a quick ratio of 1.56, a current ratio of 2.54 and a debt-to-equity ratio of 0.24.

Nortech Systems (NASDAQ:NSYS – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The electronics maker reported $0.05 earnings per share for the quarter. The company had revenue of $33.89 million during 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 purchased a new stake in Nortech Systems Incorporated (NASDAQ:NSYS – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned approximately 0.39% of Nortech Systems as of its most recent filing with the SEC. 3.05% of the stock is currently owned by institutional investors.

Nortech Systems Company Profile

(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.