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 note issued on Saturday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Up 7.6 %

Shares of SGMA stock opened at $1.83 on Friday. The stock’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $2.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. The firm has a market capitalization of $11.20 million, a PE ratio of -0.72 and a beta of 0.95. SigmaTron International has a fifty-two week low of $1.50 and a fifty-two week high of $6.47.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, December 20th. The technology company reported ($1.55) EPS for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%.

Institutional Trading of SigmaTron International

A hedge fund recently raised its stake in SigmaTron International stock. Dimensional Fund Advisors LP increased its stake in shares of SigmaTron International, Inc. (NASDAQ:SGMA) by 26.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,124 shares of the technology company’s stock after acquiring an additional 11,070 shares during the period. Dimensional Fund Advisors LP owned about 0.87% of SigmaTron International worth $297,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.