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

Stock analysts at StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Down 4.7 %

NASDAQ SGMA opened at $1.23 on Friday. The business’s fifty day simple moving average is $1.44 and its 200-day simple moving average is $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 firm has a market cap of $7.53 million, a PE ratio of -0.48 and a beta of 0.92. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of SigmaTron International during the 4th quarter worth $36,000. Renaissance Technologies LLC boosted its stake 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 buying an additional 50,858 shares during the period. Finally, TCW Group Inc. acquired a new stake in shares of SigmaTron International during the fourth quarter valued at about $154,000. 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.