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

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Nortech Systems (NASDAQ:NSYS – Free Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Nortech Systems Stock Performance

Nortech Systems stock opened at $12.49 on Friday. Nortech Systems has a 52 week low of $7.45 and a 52 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. The firm has a market capitalization of $34.43 million, a price-to-earnings ratio of 5.18 and a beta of 0.52. The company has a 50 day moving average price of $12.08 and a 200 day moving average price of $13.34.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS – Free Report) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the period. Renaissance Technologies LLC owned about 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. 3.05% of the stock is owned by hedge funds and other institutional investors.

About Nortech Systems

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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.

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