StockNews.com Begins Coverage on Nortech Systems (NASDAQ:NSYS)

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

Nortech Systems Stock Up 2.8 %

Shares of Nortech Systems stock opened at $10.39 on Thursday. Nortech Systems has a 52-week low of $8.60 and a 52-week high of $19.15. The company has a 50 day moving average of $11.60 and a 200 day moving average of $12.45. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $28.68 million, a P/E ratio of 6.70 and a beta of 0.53.

Institutional Trading of Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 quarter. 3.05% of the stock is owned by institutional investors and hedge funds.

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.