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

StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research note issued to investors on Friday. The firm issued a hold rating on the technology company’s stock.

SigmaTron International Trading Down 0.7 %

NASDAQ SGMA opened at $2.68 on Friday. The company has a market cap of $16.40 million, a P/E ratio of -2.73 and a beta of 0.87. SigmaTron International has a 12 month low of $2.27 and a 12 month high of $6.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 0.36. The company has a 50-day moving average of $2.85 and a 200-day moving average of $3.79.

SigmaTron International (NASDAQ:SGMA) last issued its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.54) 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGMA. Renaissance Technologies LLC raised its holdings in shares of SigmaTron International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after purchasing an additional 7,800 shares during the period. Privium Fund Management UK Ltd acquired a new stake in SigmaTron International during the 2nd quarter worth approximately $58,000. Finally, Dimensional Fund Advisors LP increased 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 purchasing an additional 11,070 shares in the last quarter. Institutional investors and hedge funds 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.