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

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

SigmaTron International Price Performance

SigmaTron International stock opened at $1.81 on Thursday. SigmaTron International has a 12-month low of $1.50 and a 12-month high of $6.47. The business’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $3.17. The company has a quick ratio of 0.36, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.08 million, a price-to-earnings ratio of -1.83 and a beta of 0.95.

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

Hedge Funds Weigh In On SigmaTron International

An institutional investor recently raised its position in SigmaTron International stock. Dimensional Fund Advisors LP grew its position in SigmaTron International, Inc. (NASDAQ:SGMA) by 26.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,124 shares of the technology company’s stock after buying an additional 11,070 shares during the quarter. Dimensional Fund Advisors LP owned 0.87% of SigmaTron International worth $297,000 as of its most recent SEC filing. 23.85% of the stock is owned by hedge funds and other 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.