Nortech Systems (NASDAQ:NSYS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS) in a report released on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

Nortech Systems Trading Down 1.0 %

NASDAQ NSYS opened at $11.38 on Friday. The firm has a market cap of $31.41 million, a PE ratio of 7.34 and a beta of 0.46. Nortech Systems has a 1-year low of $9.00 and a 1-year high of $19.15. The stock has a 50-day moving average of $11.33 and a 200-day moving average of $12.19. 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 Inflows and Outflows

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in Nortech Systems Incorporated (NASDAQ:NSYS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems as of its most recent SEC filing. Institutional investors and hedge funds 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.