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

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

SigmaTron International Trading Up 2.9 %

Shares of SGMA opened at $2.80 on Friday. The stock’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $3.73. The firm has a market capitalization of $17.13 million, a PE ratio of -2.83 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 quick ratio of 0.36, a current ratio of 1.15 and a debt-to-equity ratio of 0.09.

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

Institutional Trading of SigmaTron International

Several institutional investors and hedge funds have recently made changes to their positions in SGMA. Privium Fund Management UK Ltd acquired a new stake in shares of SigmaTron International during the second quarter worth $58,000. 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 worth $297,000 after buying an additional 11,070 shares during the last quarter. Finally, Renaissance Technologies LLC grew 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 worth $782,000 after buying an additional 7,800 shares during the period. 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.