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

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

SigmaTron International Trading Down 4.7 %

SigmaTron International stock opened at $1.23 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. The stock has a market cap of $7.53 million, a PE ratio of -0.48 and a beta of 0.92. The stock has a 50-day moving average of $1.44 and a two-hundred day moving average of $2.12. SigmaTron International has a one year low of $0.99 and a one year high of $6.47.

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

Hedge Funds Weigh In On SigmaTron International

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