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

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

SigmaTron International Trading Down 2.3 %

Shares of SigmaTron International stock opened at $2.09 on Monday. SigmaTron International has a 12-month low of $2.03 and a 12-month high of $6.47. 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 company has a market capitalization of $12.79 million, a P/E ratio of -2.16 and a beta of 0.86. The stock has a fifty day simple moving average of $2.78 and a 200 day simple moving average of $3.57.

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 firm had revenue of $84.78 million during the quarter. SigmaTron International had a negative return on equity of 9.05% and a negative net margin of 1.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Privium Fund Management UK Ltd purchased a new stake in shares of SigmaTron International during the 2nd quarter valued at $58,000. Dimensional Fund Advisors LP grew its position in SigmaTron International by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after buying an additional 11,070 shares during the period. Finally, Renaissance Technologies LLC increased its holdings 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 buying an additional 7,800 shares during the last quarter. 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.