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

StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report published on Wednesday morning. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Price Performance

Shares of SGMA opened at $3.06 on Wednesday. The company has a market capitalization of $18.72 million, a price-to-earnings ratio of -3.09 and a beta of 0.87. The business has a 50-day moving average of $2.82 and a 200-day moving average of $3.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 0.36. SigmaTron International has a 1 year low of $2.27 and a 1 year high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of SigmaTron International by 5.9% during the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after acquiring an additional 7,800 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SigmaTron International by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after acquiring an additional 11,070 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of SigmaTron International during the first quarter valued at approximately $46,000. Finally, Privium Fund Management UK Ltd bought a new stake in shares of SigmaTron International during the second quarter valued at approximately $58,000. 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.