SigmaTron International (NASDAQ:SGMA) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 7,500 shares, a decline of 27.9% from the May 30th total of 10,400 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.
SGMA traded up $0.03 during trading on Thursday, hitting $2.68. 4,200 shares of the stock traded hands, compared to its average volume of 11,414. SigmaTron International has a twelve month low of $2.18 and a twelve month high of $7.89. The firm has a market cap of $10.87 million, a P/E ratio of 51.31 and a beta of 1.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.59 and a current ratio of 2.10. The business’s 50 day moving average is $2.52.
A hedge fund recently raised its stake in SigmaTron International stock. Deutsche Bank AG raised its position in shares of SigmaTron International (NASDAQ:SGMA) by 51.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,600 shares of the technology company’s stock after acquiring an additional 11,800 shares during the period. Deutsche Bank AG owned approximately 0.82% of SigmaTron International worth $81,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.28% of the company’s stock.
SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include the production of printed circuit board assemblies 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; and assistance in obtaining product approval from governmental and other regulatory bodies.
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