SigmaTron International (NASDAQ:SGMA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report report published on Sunday. The firm issued a hold rating on the technology company’s stock.

SigmaTron International Price Performance

Shares of SigmaTron International stock opened at $1.33 on Friday. The company has a market capitalization of $8.14 million, a price-to-earnings ratio of -0.52 and a beta of 0.92. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is $1.42 and its 200-day simple moving average is $2.10. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

A number of hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in SigmaTron International in the 4th quarter worth approximately $36,000. Renaissance Technologies LLC increased its position in SigmaTron International by 34.1% in the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after purchasing an additional 50,858 shares during the last quarter. Finally, TCW Group Inc. purchased a new stake in SigmaTron International during the fourth quarter valued at $154,000. 23.85% of the stock is currently owned by hedge funds and other institutional investors.

SigmaTron International Company Profile

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.