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

Investment analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Trading Down 2.6 %

SigmaTron International stock opened at $2.67 on Thursday. The business has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $3.88. The company has a quick ratio of 0.36, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The stock has a market cap of $16.34 million, a price-to-earnings ratio of -2.70 and a beta of 0.87. SigmaTron International has a 12 month low of $2.27 and a 12 month 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 (EPS) for the quarter. SigmaTron International had a negative return on equity of 9.05% and a negative net margin of 1.67%. The company had revenue of $84.78 million during the quarter.

Institutional Investors Weigh In On SigmaTron International

A number of hedge funds and other institutional investors have recently bought and sold shares of SGMA. Dimensional Fund Advisors LP increased its holdings 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 valued at $297,000 after purchasing an additional 11,070 shares in the last quarter. Privium Fund Management UK Ltd bought a new position in SigmaTron International in the 2nd quarter valued at $58,000. Finally, Renaissance Technologies LLC boosted its position in SigmaTron International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after buying an additional 7,800 shares during the last quarter. 23.85% of the stock is owned by institutional investors and hedge funds.

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.