StockNews.com Initiates Coverage on SigmaTron International (NASDAQ:SGMA)

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

SigmaTron International Stock Performance

Shares of SGMA opened at $2.67 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $2.83 and its two-hundred day simple moving average is $3.86. SigmaTron International has a 12 month low of $2.27 and a 12 month high of $6.47. The stock has a market capitalization of $16.34 million, a P/E ratio of -2.70 and a beta of 0.87.

SigmaTron International (NASDAQ:SGMA) last announced its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.54) earnings per share (EPS) for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%. The business had revenue of $84.78 million during the quarter.

Institutional Trading of SigmaTron International

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in SigmaTron International by 5.9% during the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after acquiring an additional 7,800 shares in the last quarter. Privium Fund Management UK Ltd acquired a new position in shares of SigmaTron International during the second quarter valued at about $58,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of SigmaTron International by 26.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after purchasing an additional 11,070 shares in the last quarter. Institutional investors own 23.85% of the company’s stock.

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.