SigmaTron International (NASDAQ:SGMA) Now Covered by StockNews.com

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

SigmaTron International Stock Down 2.6 %

Shares of NASDAQ SGMA opened at $2.67 on Thursday. The company has a market cap of $16.34 million, a price-to-earnings ratio of -2.70 and a beta of 0.87. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. SigmaTron International has a 12 month low of $2.27 and a 12 month high of $6.47. The stock has a 50-day moving average price of $2.83 and a two-hundred day moving average price of $3.86.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.54) earnings per share (EPS) for the quarter. The company had revenue of $84.78 million for 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Privium Fund Management UK Ltd bought a new position in SigmaTron International in the second quarter valued at about $58,000. Dimensional Fund Advisors LP boosted its position in SigmaTron International by 26.3% during the 2nd 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 period. Finally, Renaissance Technologies LLC grew its holdings in 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 acquiring an additional 7,800 shares during the last quarter. 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.