SigmaTron International, Inc. (NASDAQ:SGMA) Sees Large Decrease in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 9,500 shares, a decline of 43.8% from the February 28th total of 16,900 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of SigmaTron International in a research note on Saturday, March 22nd. They set a “hold” rating for the company.

SigmaTron International Stock Performance

Shares of NASDAQ:SGMA traded down $0.06 during trading on Friday, hitting $1.23. 25,465 shares of the stock were exchanged, compared to its average volume of 41,187. The company has a market capitalization of $7.53 million, a price-to-earnings ratio of -0.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. SigmaTron International has a 1-year low of $0.99 and a 1-year high of $6.47. The company’s fifty day simple moving average is $1.44 and its 200-day simple moving average is $2.12.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings data on Friday, March 14th. The technology company reported $0.63 earnings per share for the quarter. The company had revenue of $71.07 million for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. During the same quarter in the prior year, the company posted $0.10 earnings per share.

Institutional Trading of SigmaTron International

Several large investors have recently added to or reduced their stakes in SGMA. Renaissance Technologies LLC increased its position in SigmaTron International by 34.1% in the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after acquiring an additional 50,858 shares in the last quarter. Virtu Financial LLC bought a new position in SigmaTron International during the 4th quarter worth approximately $36,000. Finally, TCW Group Inc. acquired a new position in SigmaTron International during the fourth quarter valued at approximately $154,000. 23.85% of the stock is owned by institutional investors.

About SigmaTron International

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include printed circuit board assemblies, electro-mechanical subassemblies, and completely assembled (box-build) electronic products. The company also offers automatic and manual assembly and testing of products; material sourcing and procurement services; manufacturing and test engineering support services; design services; warehousing and distribution services; compliance reporting, and assistance in obtaining product approval from governmental and other regulatory bodies.