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

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

Nortech Systems Trading Up 0.3 %

NASDAQ:NSYS opened at $10.42 on Thursday. Nortech Systems has a one year low of $8.60 and a one year high of $19.15. The business has a fifty day moving average price of $11.58 and a 200-day moving average price of $12.40. The firm has a market capitalization of $28.76 million, a price-to-earnings ratio of 6.72 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,799 shares of the electronics maker’s stock after purchasing 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 institutional investors.

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.