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

Equities research analysts at StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a note issued to investors on Friday. The brokerage 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 P/E ratio of -2.73 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. SigmaTron International has a one year low of $2.27 and a one year high of $6.47. The business’s 50-day simple moving average is $2.85 and its 200 day simple moving average is $3.80.

SigmaTron International (NASDAQ:SGMA) last announced its earnings results 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 company had revenue of $84.78 million for the quarter.

Institutional Investors Weigh In On SigmaTron International

Several hedge funds and other institutional investors have recently bought and sold shares of SGMA. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 11,070 shares during the last quarter. Privium Fund Management UK Ltd purchased a new stake in SigmaTron International during the 2nd quarter worth approximately $58,000. Finally, Renaissance Technologies LLC increased its holdings 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 purchasing an additional 7,800 shares during the last quarter. 23.85% of the stock is currently owned by hedge funds and other institutional investors.

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.