SigmaTron International (NASDAQ:SGMA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research note issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Up 3.8 %

Shares of NASDAQ SGMA opened at $2.75 on Friday. SigmaTron International has a one year low of $2.27 and a one year high of $6.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 0.36. The business’s fifty day moving average price is $2.84 and its 200-day moving average price is $3.82. The stock has a market capitalization of $16.83 million, a PE ratio of -2.78 and a beta of 0.87.

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

Institutional Trading of SigmaTron International

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in SigmaTron International by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after purchasing an additional 7,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SigmaTron International by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after acquiring an additional 11,070 shares in the last quarter. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of SigmaTron International in the 2nd quarter valued at about $58,000. Hedge funds and other 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.