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

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

Nortech Systems Trading Down 2.1 %

Shares of NASDAQ:NSYS opened at $9.99 on Friday. The stock has a market cap of $27.56 million, a price-to-earnings ratio of 6.44 and a beta of 0.46. Nortech Systems has a 52-week low of $9.53 and a 52-week high of $19.15. The business has a 50-day moving average price of $10.69 and a 200-day moving average price of $11.63. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28.

Nortech Systems (NASDAQ:NSYS) last issued its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.27) EPS for the quarter. The business had revenue of $31.41 million during the quarter. Nortech Systems had a net margin of 3.35% and a return on equity of 12.76%.

Hedge Funds Weigh In On Nortech Systems

A hedge fund recently bought a new stake in Nortech Systems stock. Dimensional Fund Advisors LP bought a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent reporting period. Hedge funds and other 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.