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

StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Thursday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Down 2.6 %

Shares of SGMA opened at $2.67 on Thursday. The firm has a market capitalization of $16.34 million, a price-to-earnings ratio of -2.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36 and a current ratio of 1.15. The business’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $3.88. SigmaTron International has a 52 week low of $2.27 and a 52 week high of $6.47.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Privium Fund Management UK Ltd acquired a new stake in SigmaTron International during the 2nd quarter worth $58,000. Dimensional Fund Advisors LP raised its stake 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 buying an additional 11,070 shares during the period. Finally, Renaissance Technologies LLC raised its stake 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 buying an additional 7,800 shares during the period. 23.85% of the stock is currently owned by 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.