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

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

SigmaTron International Stock Up 1.7 %

NASDAQ SGMA opened at $2.99 on Wednesday. The stock’s 50 day simple moving average is $2.83 and its 200 day simple moving average is $3.93. SigmaTron International has a one year low of $2.27 and a one year high of $6.47. The firm has a market cap of $18.30 million, a PE ratio of -3.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 0.36.

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

Institutional Investors Weigh In On SigmaTron International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Advisors LLC acquired a new stake in shares of SigmaTron International in the 1st quarter valued at $46,000. Dimensional Fund Advisors LP boosted its holdings in SigmaTron International by 26.3% in the second 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 during the last quarter. Privium Fund Management UK Ltd acquired a new stake in SigmaTron International in the second quarter worth about $58,000. Finally, Renaissance Technologies LLC raised 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 during the last quarter. 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.