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

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

Nortech Systems Trading Up 0.3 %

NASDAQ NSYS opened at $10.42 on Thursday. The company’s fifty day simple moving average is $11.58 and its 200-day simple moving average is $12.37. The stock has a market cap of $28.76 million, a P/E ratio of 6.72 and a beta of 0.53. Nortech Systems has a 52 week low of $8.60 and a 52 week 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.

Institutional Trading of Nortech Systems

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. Institutional investors own 3.05% of the company’s stock.

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.