November 22, 2016 - By Winifred Garcia · 0 Comments
Nortech Systems Inc (NASDAQ:NSYS) institutional sentiment increased to 7 in Q2 2016. Its up 6.50, from 0.5 in 2016Q1. The ratio improved, as 1 funds increased and opened new equity positions, while 2 reduced and sold stakes in Nortech Systems Inc. The funds in our partner’s database now have: 79,405 shares, down from 80,028 shares in 2016Q1. Also, the number of funds holding Nortech Systems Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 1 Increased: 1 New Position: 0.
Nortech Systems Incorporated is an electronic manufacturing services company. The company has a market cap of $10.54 million. The Firm offers a range of value-added engineering, technical and manufacturing services and support, including project management, design, testing, prototyping, manufacturing, supply chain management and post-market services. It has a 154 P/E ratio. The Company’s segment is Contract Manufacturing.
The stock closed at $3.89 during the last session. It is down 1.82% since April 20, 2016 and is uptrending. It has underperformed by 2.73% the S&P500.
According to Zacks Investment Research, “Nortech Systems, Inc. manufactures wire harnesses, cables, electronic sub-assemblies and components, printed circuit board assemblies as well as large-screen high resolution video monitors for radar, document and medical imaging. They provide a full turnkey contract manufacturing service to their customers.”
Perkins Capital Management Inc holds 0.12% of its portfolio in Nortech Systems Incorporated for 28,500 shares. California Public Employees Retirement System owns 17,570 shares or 0% of their US portfolio. Moreover, Renaissance Technologies Llc has 0% invested in the company for 14,800 shares. The New York-based Tower Research Capital Llc (Trc) has invested 0% in the stock. Us Bancorp De, a Minnesota-based fund reported 505 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 buys, and 0 insider sales for $48,806 net activity.
Nortech Systems Incorporated, incorporated on October 31, 1990, is an electronic manufacturing services (EMS) company. The Firm offers a range of value-added engineering, technical and manufacturing services and support, including project management, design, testing, prototyping, manufacturing, supply chain management and post-market services. The Firm operates in the Contract Manufacturing segment. The Company’s manufacturing and engineering services include medical devices, printed circuit board assemblies, wire and cable assemblies, and electromechanical assemblies.
More news for Nortech Systems Incorporated (NASDAQ:NSYS) were recently published by: Businesswire.com, which released: “Nortech Systems Acquires Devicix” on June 17, 2015. Seekingalpha.com‘s article titled: “Nortech Systems’ (NSYS) CEO Rich Wasielewski on Q2 2016 Results – Earnings …” and published on August 08, 2016 is yet another important article.
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By Winifred Garcia