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

Stock analysts at StockNews.com started coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report issued on Friday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Performance

Shares of NASDAQ SGMA opened at $2.70 on Friday. The company has a market cap of $16.52 million, a PE ratio of -2.73 and a beta of 0.87. SigmaTron International has a 12 month low of $2.27 and a 12 month high of $6.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 0.36. The company has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.80.

SigmaTron International (NASDAQ:SGMA) last issued its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.54) earnings per share (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 Trading of SigmaTron International

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake 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 buying an additional 7,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of SigmaTron International by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after purchasing an additional 11,070 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in shares of SigmaTron International in the 2nd quarter valued at about $58,000. 23.85% of the stock is owned by institutional investors and hedge funds.

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.