SigmaTron International (NASDAQ:SGMA) Stock Rating Lowered by StockNews.com

SigmaTron International (NASDAQ:SGMA) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

SigmaTron International Trading Down 6.6 %

NASDAQ SGMA opened at $2.55 on Wednesday. The firm has a market capitalization of $15.53 million, a price-to-earnings ratio of 14.17 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.69 and a current ratio of 2.28. SigmaTron International has a one year low of $2.36 and a one year high of $7.88. The company’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.17.

Hedge Funds Weigh In On SigmaTron International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Advisors LLC purchased a new position in SigmaTron International in the first quarter valued at about $46,000. Privium Fund Management UK Ltd acquired a new stake in shares of SigmaTron International in the second quarter valued at about $58,000. Catalytic Wealth RIA LLC purchased a new stake in shares of SigmaTron International during the 4th quarter valued at about $292,000. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 11,070 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in SigmaTron International by 5.9% in 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. Institutional investors and hedge funds 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.