SigmaTron International (NASDAQ:SGMA) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research note issued on Wednesday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Trading Up 3.2 %

Shares of SGMA opened at $1.78 on Wednesday. The business’s 50-day moving average price is $2.46 and its 200 day moving average price is $3.29. 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 stock has a market capitalization of $10.89 million, a P/E ratio of -1.80 and a beta of 0.86. SigmaTron International has a 1-year low of $1.50 and a 1-year high of $6.47.

SigmaTron International (NASDAQ:SGMA) last released its earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share 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 hedge funds have recently modified their holdings of SGMA. Privium Fund Management UK Ltd purchased a new position in shares of SigmaTron International during the second quarter valued at $58,000. Dimensional Fund Advisors LP lifted its stake in SigmaTron International by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after acquiring an additional 11,070 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position 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 acquiring an additional 7,800 shares during the period. 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.