SigmaTron International (NASDAQ:SGMA) Lowered to Hold at StockNews.com

StockNews.com lowered shares of SigmaTron International (NASDAQ:SGMA) from a buy rating to a hold rating in a report issued on Wednesday.

SigmaTron International Trading Down 7.8 %

Shares of SGMA opened at $2.73 on Wednesday. SigmaTron International has a 52-week low of $2.36 and a 52-week high of $7.89. The stock has a market cap of $16.63 million, a PE ratio of 15.17 and a beta of 0.87. The firm’s fifty day moving average is $4.16 and its two-hundred day moving average is $4.18. The company has a quick ratio of 0.69, a current ratio of 2.28 and a debt-to-equity ratio of 1.20.

Institutional Investors Weigh In On SigmaTron International

Several hedge funds and other institutional investors have recently made changes to their positions in SGMA. Renaissance Technologies LLC boosted its stake in SigmaTron International by 5.9% during the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after buying an additional 7,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SigmaTron International by 26.3% during the second 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 during the last quarter. Privium Fund Management UK Ltd acquired a new stake in SigmaTron International during the second quarter worth about $58,000. Inspire Advisors LLC purchased a new position in SigmaTron International during the first quarter worth about $46,000. Finally, Catalytic Wealth RIA LLC acquired a new position in SigmaTron International in the 4th quarter valued at about $292,000. Institutional investors and hedge funds 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.