SigmaTron International (NASDAQ:SGMA) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Down 4.7 %

SGMA opened at $1.23 on Friday. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47. The business has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $2.12. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $7.53 million, a PE ratio of -0.48 and a beta of 0.92.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings results on Friday, March 14th. The technology company reported $0.63 EPS for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. The business had revenue of $71.07 million during the quarter. During the same quarter last year, the company earned $0.10 EPS.

Institutional Trading of SigmaTron International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in SigmaTron International during the fourth quarter worth about $36,000. TCW Group Inc. purchased a new stake in shares of SigmaTron International in the fourth quarter valued at approximately $154,000. Finally, Renaissance Technologies LLC grew its holdings in SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after acquiring an additional 50,858 shares during the period. Hedge funds and other institutional investors own 23.85% of the company’s stock.

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.