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

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

Nortech Systems Stock Performance

Nortech Systems stock opened at $10.24 on Tuesday. The stock has a market cap of $28.26 million, a P/E ratio of 4.57 and a beta of 0.53. The firm’s fifty day moving average price is $11.96 and its 200-day moving average price is $12.92. Nortech Systems has a fifty-two week low of $8.24 and a fifty-two week high of $19.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.56 and a current ratio of 2.54.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Thursday, August 8th. The electronics maker reported $0.05 EPS for the quarter. The business had revenue of $33.89 million for the quarter. Nortech Systems had a net margin of 4.71% and a return on equity of 18.90%.

Hedge Funds 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) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing. 3.05% of the stock is currently owned by hedge funds and other institutional investors.

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.