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 Tuesday. The firm issued a hold rating on the technology company’s stock.

SigmaTron International Stock Up 1.3 %

SGMA stock opened at $1.61 on Tuesday. The stock has a market capitalization of $9.85 million, a price-to-earnings ratio of -1.63 and a beta of 0.86. The company has a 50-day moving average of $2.62 and a two-hundred day moving average of $3.43. SigmaTron International has a 52-week low of $1.50 and a 52-week 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.

SigmaTron International (NASDAQ:SGMA) last announced its earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%.

Institutional Investors Weigh In On SigmaTron International

A number of institutional investors have recently added to or reduced their stakes in SGMA. Renaissance Technologies LLC boosted its position in shares of SigmaTron International by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after acquiring an additional 7,800 shares in the last quarter. Privium Fund Management UK Ltd bought a new position in SigmaTron International during the second quarter worth about $58,000. Finally, Dimensional Fund Advisors LP boosted its holdings in SigmaTron International by 26.3% during the second 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. 23.85% of the stock is owned by institutional investors and hedge funds.

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.