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

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

SigmaTron International Stock Up 13.3 %

NASDAQ:SGMA opened at $1.36 on Friday. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $1.47 and its two-hundred day moving average is $2.16. The stock has a market capitalization of $8.32 million, a price-to-earnings ratio of -0.54 and a beta of 0.92.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $71.07 million for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. During the same period in the previous year, the company posted $0.10 EPS.

Institutional Investors Weigh In On SigmaTron International

Large investors have recently added to or reduced their stakes in the business. TCW Group Inc. acquired a new position in shares of SigmaTron International in the fourth quarter worth $154,000. Renaissance Technologies LLC grew its stake in SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after purchasing an additional 50,858 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in SigmaTron International during the 4th quarter worth $36,000. 23.85% of the stock is owned by hedge funds and other institutional investors.

SigmaTron International Company Profile

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.