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 NASDAQ:NSYS opened at $10.29 on Thursday. Nortech Systems has a 12 month low of $9.13 and a 12 month high of $19.15. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $28.40 million, a P/E ratio of 6.64 and a beta of 0.47. The company has a 50 day moving average of $10.68 and a 200 day moving average of $11.90.

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to the company in its most recent 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 about 0.39% of Nortech Systems at the end of the most recent quarter. 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.